Obama Said to Weigh DeMarco Replacements as Fannie Mae Regulator
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President Barack Obama is getting closer to nominating a replacement for Edward J. DeMarco, the acting regulator of Fannie Mae and Freddie Mac, according to three people familiar with the discussions.
U.S. Representative Mel Watt, a North Carolina Democrat, is a candidate to be director of the Federal Housing Finance Agency, according to one of the people, who requested anonymity because the nomination hasn’t been decided. Phyllis Caldwell, a former Treasury Department official, is also being considered, according to the other two people. Michael Stegman, Treasury’s housing adviser, is also a candidate.