Stonewalling a US housing recovery

Until America's huge backlog of potential housing foreclosures is cleared, the country's economy is unlikely to hit escape velocity. But one man stands in the way of White House help for homeowners.

In the coming weeks, Washington will discover whether Edward DeMarco, acting regulator of the Federal Housing Finance Agency, is susceptible to political pressure. Most Americans have not heard of DeMarco. But millions of homeowners will be affected by what he decides. One way or another, that will also apply to his nominal boss, President Barack Obama.

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