CRT return for FNMA?

Category: Capital Relief Trades Regulation

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Supreme Court ruling on Calabria's future imminent

A US Supreme Court decision about whether President Biden can remove Mark Calabria as director of the Federal Housing Finance Authority (FHFA) may arrive as soon as next week, say well-placed sources.

Following recent precedent, it seems likely that the court will rule that Calabria can be removed by the executive ‘for cause’.

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