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

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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.

‘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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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."

Congressman Pittenger questions FHFA Director Mel Watt Mark Calabria, chief economist for vice president mike Pence “What I see coming out of this is a roadmap with mileposts and at the end of the day, it’s really predominately in the hands of the GSEs whether they meet those mileposts," said Mark Calabria, the new director of the Federal Housing FInance Agency. Housing finance reform

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‘The standing quo is over’: FHFA arch vows discerning movement on GSEs May 20, 2019 RSS FEED No comments In a pursuit for only over a month, Federal Housing Finance Agency Director Mark Calabria on Monday set an assertive timeline for jolt adult a housing financial system.

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RBC seeks to join Canada mortgage-bond fray on nonprime deal RBC seeks to Join Canada mortgage-bond fray. Royal Bank of Canada is the latest canadian firm to explore a sale of bonds backed by uninsured residential mortgages.The bank is testing investor interest in a deal that would bundle mortgage loans to borrowers with credit ratings just below prime, known as "alt-A" mortgages, according to Tim Wilson, chief financial officer of Equitable Group Inc.