Long-serving government leader brings expertise in housing policy, housing finance reform, and financial regulation at critical time in Washington
WASHINGTON, D.C., April 11, 2017 – The Financial Services Roundtable (FSR) today announced former Federal Housing Finance Agency (FHFA) Acting Director Ed DeMarco will join FSR’s Housing Policy Council (HPC) as President effective June 1, 2017.
“FSR is proud to welcome Ed DeMarco to lead our Housing Policy Council (HPC) at a critical time for housing issues in Washington,” said FSR CEO Tim Pawlenty. “Ed is a deeply knowledgeable and passionate policy expert who understands how government and industry can better work together to drive economic growth while protecting taxpayers and consumers. We look forward to Ed’s leadership and thank Secretary John Dalton for his twelve years of service driving HPC forward and working tirelessly on behalf of our members.”
From 2009 to 2014, DeMarco served as Acting Director of the Federal Housing Finance Agency (FHFA), the conservator for Fannie Mae and Freddie Mac and regulator of those companies and the Federal Home Loan Banks. He is a nationally respected thought leader and was previously named HousingWire magazine’s Person of the Year for his efforts impacting housing policy and the industry landscape.
DeMarco joins HPC from the Milken Institute’s Center for Financial Markets where he has been a Senior Fellow in Residence since 2014. During his time at the Milken Institute, DeMarco has been actively engaged in a variety of housing policy issues. Previously, DeMarco was chief operating officer and senior deputy director of the FHFA and its predecessor agency from 2006 to 2009.
DeMarco’s federal service also included the Social Security Administration (2003 to 2006), where he was assistant deputy commissioner for policy; the Treasury Department (1994 to 2003), where he was director of the Office of Financial Institutions Policy; and the General Accounting Office (1986 to 1994). He received a B.A. in economics from the University of Notre Dame and a Ph.D. in economics from the University of Maryland.
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The Financial Services Roundtable represents the largest integrated financial services companies providing banking, insurance, payment and investment products and services to the American consumer. Member companies participate through the Chief Executive Officer and other senior executives nominated by the CEO. FSR member companies provide fuel for America’s economic engine, accounting for $92.7 trillion in managed assets, $1.2 trillion in revenue, and 2.3 million jobs. Learn more at FSRoundtable.org.
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