Debora Aydelotte is the COO of Credit Risk Solutions, a Computershare company and a Denver-based provider of consultative residential mortgage fulfillment and due diligence services. She can be reached at Debora.Aydelotte@computershare.com.
[Expert commentary] When consumers feel good about their financial future, it tends to be reflected in the housing market. For that reason, it’s hard not to see good things in the recent Consumer Sentiment and Consumer Confidence indices, two key barometers used to gauge the direction of the economy. Yet while the view from the windshield of the economy seems clear, the traffic maps show a good deal of congestion and uncertainty ahead.
[Op-Ed] What we all knew would happen has finally happened — the director of the Consumer Financial Protection Bureau, Richard Cordray, has stepped down and has been replaced with a person more aligned with the current administration. It’s what always happens when there’s a change of power. But Cordray’s replacement is just one of several new voices on Capitol Hill that are about to reshape housing policy as we know it.
President Donald Trump appointed Calabria to take the helm of the FHFA on December 12, 2018. The Senate then officially confirmed Calabria in April by a vote of 52 to 44 as head of the agency. Since then, Calabria has not been silent on his plan to reform the FHFA and the entities it oversees – Fannie Mae and Freddie Mac.