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New York Attorney General Schneiderman has charged DeMarco with "standing in the way" of the Obama administration's efforts to implement a program that would authorize Fannie and Freddie to write down mortgages.

New York AG's Memo Says Obama Can Replace FHFA's DeMarco

APR 12, 2013 11:12am ET
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Federal law gives President Obama the ability to remove the Federal Housing Finance Agency's acting director and replace him with one of three deputies, Schneiderman's office concludes in a memo obtained by news outlets.

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