FHFA’s Calabria: Trump GSE Plan Coming Soon – NMP Skip to main content

FHFA’s Calabria: Trump GSE Plan Coming Soon

Phil Hall
Jul 18, 2019
Photo credit: Getty Images/ComicSans

The Trump Administration is planning to release its plan to end the federal conservatorship of the government-sponsored enterprises (GSEs) by either August or September, according to Federal Housing Finance Agency (FHFA) Director Mark Calabria.
 
In an interview with Reuters, Calabria said that he had seen a draft of the report and said that it was “essentially done.” The delay in its release, Calabria added, was due to several ongoing issues that have commanded the attention of Treasury Secretary Steven Mnuchin, most notably trade tensions with China.
 
The GSEs have been in federal conservatorship since September 2008. Calabria stated that it was his “hope” that they will either be ready to leave conservatorship or have already left by the end of his term in 2024.
 
“That’s my time horizon,” he said. “I’m under no expectation to try to get all this done. So, if in four years, nine months they’re not out of conservatorship, I’m not pushing them out.”

 
Published
Jul 18, 2019
MISMO Seeks Public Comment On 3 eMortgage Resources

Updates proposed to MISMO Business Glossary, eMortgage Glossary, and eModification Reference Flyer.

Regulation and Compliance
Aug 05, 2022
As Expected, The Fed Raises Rate By Another 0.75%

Experts say housing industry will shrug off the latest increase.

Regulation and Compliance
Jul 27, 2022
AmTrust Ends 'No-Poach' Agreement, Pays $1.25M Fine In Deal With N.Y. AG

Company also agrees to cooperate with ongoing investigations of the title insurance industry.

Regulation and Compliance
Jul 25, 2022
NAR Chief Economist: Nationwide Home Price Decline Won't Happen Soon

Lack of inventory continues to support growth in prices, which have increased year over year for 124 straight months.

Regulation and Compliance
Jul 22, 2022
FHFA Director: Fannie, Freddie Need $300B Combined In Capital

So far, the enterprises combined have built $83.5 billion in reserves, or about 27% of the target.

Regulation and Compliance
Jul 21, 2022
Expansion Of Community Reinvestment Act A Poor Fit For A Non-Problem

Equating non-bank mortgage companies to banks is misguided for several reasons.

Analysis and Data
Jul 20, 2022