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

‘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

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.

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SUMMARY: The Federal Housing Finance Agency (FHFA) is issuing an interim final rule setting forth requirements related to allocations by the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) (together, the Enterprises) to the Housing Trust and Capital Magnet Funds created by the Housing and Economic Recovery Act of 2008.

‘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

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The futures of the GSEs are up in the air, confusion continually surrounds new originator compensation practices, and good luck figuring out what loans qualify for exemption status in new risk. The.

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

Mark Calabria: "By January 1 of next year, my hope and expectation is that we will be on the path to a new regime where the GSEs can start to build capital."

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