Posted To: Pipeline Press

In case you haven’t heard, the Supreme Court ruled that a U.S. president can remove the head of Federal Housing Finance Agency, in this case, Mark Calabria (who has his thoughts on the decision ). Plenty of lenders ask, “What now? Who will replace him, perhaps an economist who knows our business? And when will some of the measures Director Calabria put in place be rolled back?” There are some who will tell you that anything put in place by him can be scaled back or eliminated but anything in conjunction with other entities, like the U.S. Treasury, will take some time to change. (It is thought that Director Calabria pretty much wrote the January stock amendment, and the Treasury put a rubber stamp on it. This Amendment launched the NOO/2nd home caps, which have since caused…(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.
Published On: June 24, 2021 / Categories: Mortgage News /

Subscribe To Receive The Latest News

Curabitur ac leo nunc. Vestibulum et mauris vel ante finibus maximus.

Thank you for your message. It has been sent.
There was an error trying to send your message. Please try again later.

Add notice about your Privacy Policy here.