Edward DeMarco, acting director of the Federal Housing Finance Agency, announced Wanda DeLeo as deputy director for the new Office of Strategic Initiatives.

The new Strategic Initiatives office will function as architect for a new infrastructure for the secondary mortgage market.

It will also gradually contract the enterprises’ role in the marketplace and maintain foreclosure prevention and credit availability for new and refinanced mortgages.

DeLeo most recently served as deputy director for the FHFA’s Division of Examinations Programs and Support before her promotion. She has extensive experience in leadership positions at FHFA, including deputy director for Housing Mission and Goals, as well as the chief accountant.

“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,” DeMarco said in regards to DeLeo.

— Paul Dang