FHFA Head Says Fannie Mae and Freddie Mac Cannot Be Fixed

In a speech before the American Mortgage Conference, Acting Director Edward DeMarco of the Federal Housing Finance Agency (FHFA), said that Fannie Mae and Freddie Mac have little chance of emerging from conservatorship. Both Fannie Mae and Freddie Mac, the mortgage financing giants of the housing  industry, faced collapse in late 2008 as mortgage defaults […]