Last week, nine Democrat state attorneys general, led by New York AG Eric Schneiderman and Massachusetts’ Martha Coakley, called for the Obama administration to nominate a permanent re-placement for Federal Housing Finance Agency Acting Director Edward DeMarco.Under DeMarco’s leadership, the AGs say, Fannie Mae and Freddie Mac remain “an obstacle to progress” primarily by the FHFA’s refusal to allow the two government-sponsored enterprises to offer principal reduction assistance to troubled borrowers.