New York Attorney General Eric Schneiderman just can't wait for Edward DeMarco's reign at the Federal Housing Finance Agency to end.

While applauding President Obama's pick of Rep. Mel Watt, D-N.C., to permanently head FHFA, Schneiderman reiterated Wednesday he wants the administration to immediately replace DeMarco, the acting director, with someone who would act now to forgive part of the principal on loans for homeowners facing foreclosure.

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