This is an open window. Eb could have theoretically knocked boots with Leanansidhe, and fathered Margaret. Even though Eb's wife was mortal, nobody has ever said that Margaret was the daughter of Eb's wife.
Margaret may have, on her deathbed, declared for fae and be alive, somewhere in the Never Never.
I don't think it's likely. If Margaret had survived she'd have definitely taken Harry with her, if she were able. But it's a fascinating idea.