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Edward DeMarco
Edward Joseph DeMarco is an American government official who served as the acting director of the Federal Housing Finance Agency (FHFA),〔http://www.fhfa.gov/webfiles/23110/FHFAStmtHampChanges12712F.pdf〕〔(Freddie Mac Betting Against Struggling Homeowners : NPR )〕 the conservator for Fannie Mae and Freddie Mac, from 2009 through 2014. According to DeMarco, FHFA's mandate from Congress is to preserve and conserve the assets of Fannie Mae and Freddie Mac. "()n their current state that translates directly into minimizing taxpayer losses. We are also charged with ensuring stability and liquidity in housing financing and maximizing assistance to homeowners."〔DeMarco 2012, p. 2.〕
== Early Career and Education ==
DeMarco received a B.A. in Economics from the University of Notre Dame and a Ph.D. in Economics from the University of Maryland (1991).〔(Federal Housing Finance Agency - Meet the Director )〕 His thesis at U. Maryland was ''Taxes in a model of bank portfolio choice''.〔 Taxes in a model of bank portfolio choice, by DeMarco, Edward Joseph Ph.D., University of Maryland College Park, 1991, 270 pages; AAT 9222675〕
DeMarco worked in the U.S. General Accounting Office for seven years (1986-1993). He then worked at the U.S. Treasury as director of the Office of Financial Institutions Policy (1993-2003) where he oversaw analyses of public policy issues involving government sponsored enterprises and other financial institutions.〔 He then moved to the Social Security Administration (SSA) where he was the Assistant Deputy Commissioner for Policy (2003-2006). There he ran the SSA's policy, research, and statistics functions. His penultimate role before acting director of the FHFA was COO and Deputy Director Office of Federal Housing Enterprise Oversight (OFHEO) which he held for three years (October 2006-August 2009).
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