Obama is asked to name a permanent regulator for Fannie and Freddie

07/29/2010 | Reuters

The highest-ranking members of the Senate banking committee said President Barack Obama should name a permanent regulator to oversee mortgage companies Fannie Mae and Freddie Mac. Committee Chairman Christopher Dodd, D-Conn., and Sen. Richard Shelby, R-Ala., made the recommendation in a letter to Obama. Civil servant Edward DeMarco has been acting director of the Federal Housing Finance Agency since September.

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