Skip to main content

Trump Nominates Calabria as Next FHFA Director

Phil Hall
Dec 12, 2018
Members of the National Association of Mortgage Brokers (NAMB) have participated in meetings at the White House to discuss important matters regarding Association Health Plans

President Trump has nominated Mark A. Calabria to become the next Director of the Federal Housing Finance Agency (FHFA).
President Trump has nominated Mark A. Calabria to become the next Director of the Federal Housing Finance Agency (FHFA)
News of the nomination leaked earlier this week. If confirmed, Calabria would take on a five-year term at the helm of the regulatory agency; the current Director, Mel Watt, is leaving next month at the conclusion of his term.
 
Calabria is currently the Chief Economist for Vice President Mike Pence and was previously Director of Financial Regulation Studies at the Cato Institute. Earlier in his career, he was Deputy Assistant Secretary for Regulatory Affairs at the Department of Housing and Urban Development. 
 
Robert D. Broeksmit, President and CEO of the Mortgage Bankers Association, welcomed the nomination, noting that Calabria “has a deep background in housing finance issues and we have enjoyed a good working relationship with him in his current and past roles.”

 
Published
Dec 12, 2018
CFPB Reports Trends In Financial Assistance

The latest developments from this study reveal that most consumers have exited the payment assistance they received at the start of the pandemic.

Analysis and Data
Jul 14, 2021
CFPB Orders GreenSky To Refund $9M In Unauthorized Loans

The consent order requires GreenSky to refund or cancel up to $9 million in loans for the customers harmed by this illegal conduct.

Regulation and Compliance
Jul 13, 2021
CFPB Warns Landlords And Consumer Reporting Agencies To Report Accurate Rental Information

Inaccurate rental or eviction information can unfairly block families and individuals from safe, affordable housing.

Regulation and Compliance
Jul 01, 2021
FHFA Mandates Quarterly Fair Lending Reports

FHFA issued orders for all enterprises to submit quarterly Fair Lending Reports with data and information to improve the FHFA’s capabilities. 

Regulation and Compliance
Jul 01, 2021
FHFA Follows CFPB To Protect Borrowers Once COVID-19 Foreclosure And Eviction Moratoriums End

The Federal Housing Finance Agency made it clear that Fannie Mae and Freddie Mac servicers are not permitted to make first notice or filing for foreclosure that would be prohibited by the CFPB protections for borrowers affected by COVID-19.

Regulation and Compliance
Jun 30, 2021
CFPB Finds Evidence Of Redlining And Deceptive Acts In 2020

Enforcement actions resulted in more than $124 million in consumer remediation and civil money penalties in 2020

Regulation and Compliance
Jun 29, 2021