Mark Calabria, director of the Federal Housing Finance Agency, speaks with reporters from The Wall Street Journal at the agency's offices in Washington, D.C., on April 18, 2019.Shares of the mortgage giants Fannie Mae and Freddie Mac lost a third of their value afterthrew cold water on the companies’ path out of government control and a White House official said the administration was replacing the head of the agency that oversees them.
The director of the Federal Housing Finance Agency, Mark Calabria, had been a proponent of private control. The Supreme Court ruled that the agency was structured unconstitutionally, opening the door for his dismissal. The court also declined to void a 2012 government decision that swept the companies’ profits into the Treasury Department.
Early in the Trump administration, investors had hoped that a move to private control would steer profits to shareholders instead.
Literally the worst Treasury Secretary ever = stevenmnuchin1
The Biden administration plans to replace Fannie Mae and Freddie Mac's regulator, following a high court ruling on the structure of the agency overseeing the firms
It's not like the housing represents any significant portion of the GDP in the US. oh wait, theGreatReset = no more ownership only renters in bravenewworld OOTT equities and energies should be off 25% by end of month. takes awhile for them to catch on. askmehowIknow
He looks more like Dilbert than Dilbert looks like Dilbert. Dilbert.
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