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GSE footprint

Category: RMBS Regulation

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FHFA changes to bring housing market reform?

President Trump’s nomination of Mark Calabria, currently chief economist for Vice President Mike Pence, to replace Mel Watt as FHFA director when his term ends in January could have a significant impact on the US mortgage market. Although Calabria appears to be a proponent of reducing the GSE footprint and has spoken publicly about the current administration’s commitment to ending the conservatorship of Fannie Mae and Freddie Mac, substantive changes are unlikely to occur unless Trump wins a second term.

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