Items Tagged with 'Mark Calabria'

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  • Trump administration reportedly souring on sweeping Fannie, Freddie reform prior to 2020 election

    Bloomberg: Trump admin is concerned about political fallout of GSE reform
    Despite momentum towards actually ending the conservatorship of Fannie Mae and Freddie Mac seemingly growing by the day, the Trump administration is reportedly concerned about the impact of widespread housing finance reform in advance of the 2020 election. And because of that concern, the administration may be considering holding off on significant reforms to the GSEs for at least another 18 months.
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  • FHFA Special Advisor Bob Ryan stepping down this week

    Obama-era appointee leaving agency by July 12
    Bob Ryan, who has served as special advisor to the Office of the Director of the Federal Housing Finance Agency for more than five years, is stepping down this week, the agency announced recently. According to the FHFA, Ryan is set to leave the agency by July 12.
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  • Moody's: Increased competition for Fannie, Freddie would be a credit negative

    Rates credit impact of Calabria's suggestions for GSE reform
    Last week, FHFA Director Mark Calabria outlined his GSE reform wish list for lawmakers in his first annual Report to Congress since taking the helm at the agency. In it, he urged Congress to take steps to increase competition for Fannie Mae and Freddie Mac. But Moody’s Investors Service says that move would amount to a credit negative for both agencies, although Calabria's other ideas are not so bad.
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  • Cowen's Seiberg says concern about Mnuchin's GSE comment is overblown

    "There has been much teeth-gnashing this week," Seiberg says
    Treasury Secretary Steven Mnuchin started last week having dinner with the Queen of England as part of the entourage accompanying President Donald Trump to Buckingham Palace. A few days later, he made financial news by throwing cold water on plans to reform Fannie Mae and Freddie Mac. "There has been much teeth-gnashing this week after Treasury Secretary Steve Mnuchin said GSE reform cannot simply return Fannie and Freddie to their pre-conservatorship state," said Jaret Seiberg, Cowen’s managing director.
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  • Calabria to Congress: Fannie, Freddie reform is urgent, critical and overdue

    FHFA director's report to Congress makes pleading case to end GSE conservatorship
    FHFA Director Mark Calabria stressed the need to remove the GSEs from conservatorship to lawmakers, outlining the reforms he views as necessary in his first annual Report to Congress since taking the helm at the agency. Here’s what he wants Congress to do to "support sustainable homeownership."
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  • Fannie, Freddie IPOs at least 3 years away, Raymond James analysts say

    "Preparatory steps" include rebuilding $200 billion to $250 billion in capital
    While the new head of the Federal Housing Finance Agency said last month he's considering an initial public offering of Fannie Mae and Freddie Mac as early as the first half of next year, Raymond James analysts are saying it's not likely to happen for three or four years. There's a long list of preparatory steps, and presidential politics could also play a role, according to the report.
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  • WSJ: Trump administration set to release plan on Fannie, Freddie privatization

    Finalizing proposal that would improve GSEs' footing, then set them free
    The Treasury Department is preparing to release a plan detailing the privatization of Fannie Mae and Freddie Mac, inside sources told The Wall Street Journal Thursday. The plan is being finalized now and promotes a "recap and release" strategy that would put the GSEs on more solid footing and then release them from government control.
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  • Calabria: Ending the net worth sweep is step one of GSE reform, IPOs are an option

    Made his remarks to a packed room at the MBA Secondary Conference
    The much-anticipated session with FHFA Director Mark Calabria at the MBA Secondary Conference in Manhattan Monday did not disappoint. No, he didn't reveal a timeline for releasing the GSEs from conservatorship, but his mission and intense focus were clear: The status quo isn't an option.
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