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Tag Archives: Edward DeMarco

HUD’s Carson on Mission to Empower

A dialogue with United States Secretary of Housing and Urban Development Dr. Benjamin Carson opened up the 2018 Five Star Government Forum in Washington D.C. Tuesday. Click through for full coverage from the event, which brings together leaders from both government and the housing industry.

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FHFA Official Charged with Threatening Ex-Director

A top official for the Federal Housing Finance Agency (FHFA) is looking at a felony charge for allegedly threatening the agency's former acting director, Edward DeMarco. According to a case summary from the District of Columbia Courts website, Richard Hornsby, FHFA's COO, was charged in late April with "[threatening] to kidnap or injure a person," resulting in an order for him to stay away from DeMarco.

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Servicing, Political Leaders Meet to Tackle Today’s Challenges

Policymakers and servicing leaders gathered Tuesday at the Newseum in the nation’s capital for the fifth annual Five Star Government Forum, an all-day event created to foster honest and open dialogue about the servicing industry’s most pressing challenges. In case you missed it, we captured a few photos highlighting the day’s events and the lineup of speakers—including some of the most influential names in housing and servicing today.

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DeMarco Announces Plans to Leave FHFA

DeMarco

After serving the Federal Housing Finance Agency (FHFA) for nearly six years, former acting director and current senior deputy director Edward DeMarco announced his intent to part ways with the agency at the end of April. DeMarco confirmed his departure plans in a letter directed to current agency director Mel Watt, saying, "I believe the time has come for me to seek other opportunities."

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Uncertainty to Permeate New Year Despite Some Regulatory Clarity

The new year will bring some clarity to the housing market and likely some loosening of credit, though an air of mystery does still surround some aspects of the industry, according to FBR's outlook for 2014. With Mel Watt, a former Democratic senator from North Carolina, taking the helm at the Federal Housing Finance Agency (FHFA) and three openings at the Federal Reserve, some uncertainty persists despite some clarity surrounding Qualified Mortgages (QM) and other regulations in the housing industry.

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FHFA Announces Plans to Combine Divisions

As the newly confirmed Mel Watt prepares to take the reins at the Federal Housing Finance Agency (FHFA), current Acting Director Edward DeMarco has announced changes to the agency's senior staff.

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FHFA Directs GSEs to Increase Guarantee Fees

As part of its "Strategic Plan for Enterprise Conservatorships," the Federal Housing Finance Agency has directed Fannie Mae and Freddie Mac to bring up their guarantee fees (g-fees). Based on the GSEs' loan purchases in Q3 2013, FHFA expects the announced changes to the g-fee structure to produce an overall average g-fee increase of approximately 11 basis points, which represents an average increase of 14 basis points on a typical 30-year mortgage.

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