Senate Confirms Calabria To Lead Housing Finance Regulator

Law360 (April 4, 2019, 8:13 PM EDT) -- Senators on Thursday confirmed Mark A. Calabria to become the next director of the Federal Housing Finance Agency, installing him atop the Fannie Mae and Freddie Mac regulator as both Congress and the White House have set their sights on freeing the two mortgage giants from conservatorship and tackling housing finance reform.

Calabria, who has served as chief economist to Vice President Mike Pence, was confirmed by a 52-44 vote to a five-year term as FHFA director. He will take over for Joseph Otting, the head of Office of the Comptroller of the Currency who has been moonlighting as the FHFA's...

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