Dennis Brack/Bloomberg

Edward DeMarco

Government
What he does: director, Federal Housing Finance Agency
In position since: 2009
Why he is powerful: DeMarco has set the agenda for the Home Affordable Refinance Program, which is administered by government-sponsored entities Freddie Mac and Fannie Mae to reduce the monthly mortgage payments from distressed homeowners. The FHFA, created in 2008, oversees Fannie and Freddie as well as Federal Home Loan Banks.

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