Housing finance

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Calabria says he’s willing to wipe out Fannie Mae, Freddie Mac shareholders

Oct 22, 2019By

Mark Calabria, director of the Federal Housing Finance Agency, said he’s willing to wipe out Fannie Mae and Freddie Mac shareholders if needed to protect taxpayers from another bailout. “I’m working for the taxpayers,” Calabria said. “If the circumstances present themselves to where we have to wipe out the shareholders, we will.”

3d rendering of a row of luxury townhouses along a street

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