The Real Deal Miami

Fannie, Freddie regulator pushes lawmakers to eliminate taxpayer reliance

March 19, 2013 02:00PM

Edward DeMarco

The controversial regulator of Fannie Mae and Freddie Mac is urging lawmakers to drastically scale back or even eliminate the mortgage market’s reliance on taxpayers, Bloomberg News reported.

Edward DeMarco is making his push to privatize Fannie and Freddie less than a week after a bipartisan group of Senators introduced a bill to keep the Obama administration from selling off shares in the government-backed lending giants without congressional approval. [more]