On September 15th, Edward J. DeMarco, Acting Director of the Federal Housing Finance Agency testified before the House capital markets subcommittee. DeMarco expressed concern for financial institutions' delay in repurchasing home loans that did not meet Fannie Mae and Freddie Mac eligibility standards. He also noted that the agency is investigating whether other institutions may also responsible for repurchasing loans. DeMarco Testimony. On September 16th, the Boston Globe reported Congressional and bank response to DeMarco's testimony. Response.