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Edward J. DeMarco will depart the Agency

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The Federal Housing Finance Agency (FHFA) today announced that Edward J. DeMarco will depart the Agency at the end of April.

DeMarco joined the Office of Federal Housing Enterprise Oversight (OFHEO), a predecessor Agency to FHFA, in October of 2006 as its Chief Operating Officer and Deputy Director.

He was appointed Acting Director of FHFA on August 25, 2009 by President Obama and served in that role until Director Watt was sworn in on January 6, 2014.

Ed DeMarco, the overseer of Fannie Mae and Freddie Mac, defied White House and resisted principal write downs as not in the best interest of taxpayers.

He has made no announcements about his future plans.

A copy of Mr. DeMarco’s letter is attached.