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  • Mon, Dec 10 2012
  • 12:24 PM » White House Seeking New Regulator for Fannie, Freddie
    Published Mon, Dec 10 2012 12:24 PM by blogs.wsj.com
    The White House has begun preparations to nominate a new director to lead the agency that oversees Fannie Mae and Freddie Mac as soon as early next year, according to people familiar with the discussions. This would pave the way for President Barack Obama to fill what has become one of the most important economic policy positions in Washington. The director the Federal Housing Finance Agency has emerged as a key policymaker because it is the principal gatekeeper to Fannie and Freddie, the mortgage giants that own or guarantee half of all mortgages, at a time when broken mortgage markets have become a top concern of officials at the White House and the Federal Reserve.
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    Source: blogs.wsj.com
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