On August 25, 2009 President Obama designated Edward J. DeMarco the Acting Director of the Federal Housing Finance Agency (FHFA), the regulator of Fannie Mae, Freddie Mac and the 12 Federal Home Loan Banks effective September 1, 2009. Mr. DeMarco was appointed Chief Operating Officer and Senior Deputy Director for Housing Mission and Goals for FHFA in 2008 after enactment of the Housing and Economic Recovery Act of 2008, the legislation that established FHFA. Mr. DeMarco joined the Office of Federal Housing Enterprise Oversight (OFHEO), a predecessor agency to FHFA, in October 2006 as its Chief Operating Officer and Deputy Director. He came to OFHEO from the Social Security Administration (SSA) where, as Assistant Deputy Commissioner for Policy, he led SSAs policy, research, and statistics functions. Before joining SSA in 2003, Mr. DeMarco was Director of the Office of Financial Institutions Policy at the U.S. Department of the Treasury where he oversaw analyses of public policy issues involving government sponsored enterprises and other financial institutions. Prior to his ten-year tenure at the Treasury Department, he worked at the U.S. General Accounting Office for seven years. Mr. DeMarco received a Ph.D. in Economics from the University of Maryland and a B.A. in Economics from the University of Notre Dame.
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