Edward J. DeMarco, acting director of the ""Federal Housing Finance Agency"":http://www.fhfa.gov/ (FHFA), announced Thursday the appointment of Wanda I. DeLeo as Deputy Director leading the newly created Office of Strategic Initiatives.[IMAGE] [COLUMN_BREAK]
DeLeo has served in several leadership roles at FHFA, including her most recent stint as Deputy Director for the agency's Division of Examination Programs and Support. In her new role, she will serve as FHFA's point of contact for all matters related to the Strategic Plan the agency rolled out in February.
""I am pleased to have an executive with Wanda's experience to manage this critical agency project,"" said DeMarco. ""Her proven management skills and experience are ideal to coordinate the numerous activities required at FHFA and Fannie Mae and Freddie Mac to achieve the goals set forth in the Strategic Plan.""
The plan, dubbed the ""Strategic Plan for Fannie Mae and Freddie Mac Conservatorships,"" established objectives and steps FHFA is taking or will take to meet its obligations as conservator. The steps identified for the next phase of conservatorship include building a new infrastructure for the secondary mortgage market, lessening the dominant presence of Fannie Mae and Freddie Mac in the marketplace, and maintaining foreclosure prevention activities.