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.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.