Fannie Mae-No Politics (FNMA)

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Veep Economist Calabria Hints at No Official Plan for Fannie/Freddie Yet

By Carisa Chappell
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Despite various rumblings suggesting that a GSE reform plan may be in the works, the Trump administration appears to have no pending blueprint for solving the issue of what to do with Fannie Mae and Freddie Mac.
Speaking on a housing affordability panel sponsored by the American Enterprise Institute earlier this month, Mark Calabria, Vice President Mike Pence’s chief economist, said the administration may even go with the 2013 GSE reform plan put forth by Senators Bob Corker, R-TN, and Mark Warner, D-VA.
Calabria, former director of financial regulation studies at the Cato Institute, got some observers excited about reform when speaking at an American Bankers Association event in March, where he said that a “set of principles” on GSE reform was likely to emerge in the coming months.
But now that doesn’t seem to be so much of a guarantee with his latest comments. “Maybe we end up in the exact same spot as the last generation, maybe we end up with Corker-Warner,” said Calabria. For the full story, see the new edition of Inside The GSEs.
Other areas of interest: Originations, Servicing, Secondary/MBS, Regulatory, Fannie, Freddie, GSEs