Calabria Named Pence’s Chief Economist – NMP Skip to main content

Calabria Named Pence’s Chief Economist

Feb 10, 2017
One of the nation’s most prominent housing economists is joining the Executive Branch in a crucial position

One of the nation’s most prominent housing economists is joining the Executive Branch in a crucial positionOne of the nation’s most prominent housing economists is joining the Executive Branch in a crucial position.
 
According to a Politico report, Vice President Mike Pence has tapped Mark Calabria to be his chief economist. Calabria, who was director of financial regulation studies at the Cato Institute, has been a prominent figure in congressional hearings and in the media on subjects related to housing policy and the role of the central bank in the economy.
 
Calabria previously served on Capitol Hill as a member of the senior professional staff of the U.S. Senate Committee on Banking, Housing, and Urban Affairs and at the Department of Housing and Urban Development as deputy assistant secretary for regulatory affairs. His predecessor, Jared Bernstein, served as chief economist to former Vice President Joe Biden and was a public face for Obama Administration policies, but it is unclear whether he will be provided with the same degree of visibility.
About the author
Published
Feb 10, 2017
MISMO Updates Mortgage Insurance Standards To Support FICO 10T, VantageScore 4.0

New implementation guide standardizes mortgage insurance data exchange, helping lenders, insurers and technology providers prepare systems for newer credit scoring models

Congress Weighs New Roadmap To End Fannie, Freddie Conservatorship

Rep. Scott Fitzgerald's three-bill housing package would establish a statutory framework for releasing the GSEs while expanding construction lending and easing some TRID compliance requirements

CHLA Backs Bank Capital Proposal, Questions Impact On Mortgage Lending

Trade group supports lower mortgage risk weights but says broader market forces — not capital rules — drove banks' retreat from the market

Senate Passes 21st Century ROAD To Housing Act In 85-5 Vote

Sweeping housing package heads back to House after Senate clears final version with broad bipartisan support

MISMO Updates Business Glossary To Support AI, eMortgages

New definitions covering eHELOCs, remote online notarization, valuation modernization, and compliance initiatives aim to improve consistency

Underwriters Don’t Slow Down Loans. They Eliminate Uncertainty.

ndustry’s biggest bottleneck is not underwriting itself — it is the uncertainty that reaches underwriting too late in the process. When validation happens upstream, speed follows naturally.