Why is Ed DeMarco stopping mortgage refinancing?

Remember Ed DeMarco? He runs the Federal Housing Finance Agency, which was created in 2008 following the government's takeover of Fannie and Freddie as an independent regulator of those firms. For the past year, he has been under pressure to use that authority to help homeowners. But today, DeMarco ruled that out, saying it was too risky.

By Dylan Matthews July 31, 2012