‘The status quo is over’: FHFA chief vows quick action on GSEs

Earlier this month, the Federal Housing Finance Agency, which oversees the GSEs, said Fannie and Freddie might need a $126 billion rescue if the economy were to stumble hard again.

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The status quo is over," he said. "And my arrival at FHFA should be seen as the opening bell for change." In previous comments, Calabria has said that fundamental reform of the GSEs should be undertaken by Congress, but he repeated Monday that he is prepared to act independently of lawmakers to move the reform ball forward under existing authority.

Mortgage application volume drops after rate hike On a whole, mortgage interest rates moved lower throughout 2017 after rising back above 4% in January. But what’s going to happen in the next few years? According to the top economists at the.

Because the FHFA possesses the authority to enact several key policy changes on its own, the Trump Administration can start to shrink the footprint of the GSEs without congressional action, thus helping to bring private capital back to the market.

Bonnie Sinnock Bonnie Sinnock is the capital markets editor of national mortgage news. She has been writing for National Mortgage News since 1995. She also has worked on other SourceMedia publications as an editor and a reporter.

‘The status quo is over’: FHFA chief vows quick action on GSEs Warren 0 comments contents High yield savings rival money market Chief executive officer Features local business news Local business news ‘The status quo is over’: FHFA chief vows quick action on GSEs.

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Contents Reverse mortgage amc landmark Fema chief long Cut auto insurance premiums Auto insurance premiums Gse reform gains momentum gen- citizens bank adapts to a market that continues to defy predictions ‘The status quo is over’: FHFA chief vows quick action on gses 3 weeks ago admin In the job for just over a month, Federal Housing finance agency director Mark Calabria on Monday set an.

‘The status quo is over’: FHFA chief vows quick action on GSEs Mark Calabria said he wants Fannie Mae and Freddie Mac to take preliminary steps by Jan. 1 toward exiting conservatorship. GSE reform Hannah Lang May 20

Congressman Pittenger questions FHFA Director Mel Watt ‘The status quo is over’: FHFA chief vows quick action on GSEs 05/20/19 Mark Calabria said he wants Fannie Mae and Freddie Mac to take preliminary steps by Jan. 1 toward exiting conservatorship.