Zandi tipped for US housing role

Mark Zandi, a well-known economist, is a front-runner to lead the US housing regulator and oust Edward DeMarco. President Barack Obama tried to replace DeMarco in 2011 as head of the Federal Housing Finance Agency (FHFA), which oversees Fannie Mae and Freddie Mac, but Senate Republicans blocked his nominee to succeed DeMarco. Zandi is rating agency Moody’s often-quoted chief economist.