Ed DeMarco’s Lecture “Remaking Housing Policy: Where’s the Finish Line?”

Lecture

Nearly seven years since the housing market collapse and the establishment of the Fannie Mae and Freddie Mac conservatorships, promises to legislate a new housing policy remain unfulfilled.  Despite bipartisan consensus that Fannie Mae and Freddie Mac must be wound down and the taxpayer support to the market substantially reduced, little legislative progress has been made.  Where’s the finish line, and what will it take to get there?

Details from past event:

• TITLE: Remaking Housing Policy: Where’s the Finish Line?
• DATE: Monday, 23 February 2015
• TIME: Noon – 1 pm
• LOCATION: E62-223

Open to the MIT  community. Refreshments provided at 11:30 am. Please contact LWalker@mit.edu or (617) 324-7367 for assistance.

Biography

Ed DeMarco is a Senior Fellow in Residence at the Milken Institute Center for Financial Markets and a Visiting Professor in the Owen Graduate School of Management at Vanderbilt University.

From September 2009 to January 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. Prior to being Acting Director, DeMarco was the COO and Senior Deputy Director of FHFA and its predecessor agency from 2006 to 2009. From 2003 to 2006 he was an executive at the Social Security Administration (SSA), where he was Assistant Deputy Commissioner for Policy.

Before joining SSA, DeMarco was Director of the Office of Financial Institutions Policy at the U.S. Department of the Treasury, where he oversaw analyses of public policy issues involving banks, government sponsored enterprises and other financial institutions. He worked at the U.S. General Accounting Office from 1986 to 1994.

DeMarco received a B.A. in Economics from the University of Notre Dame and a Ph.D. in Economics from the University of Maryland.