Fannie Mae-No Politics (FNMA)

[observer21]

So what say you all? I'm not confident in my understanding of this. Can the administration stop the net worth sweep without having Calabria in place? "Now that President Trump has tapped Comptroller of the Currency Joseph Otting to be the acting director of the Federal Housing Finance Agency, the waiting game begins. Otting gets the corner office at the FHFA on Jan. 7 but how long will it take the Senate to confirm conservative economist Mark Calabria to be the permanent regulator? Six months? Nine months? Longer? Office pools are already forming…

By having its own person in place at the FHFA the Trump White House can (in theory) move quickly to reform Fannie Mae and Freddie Mac “administratively,” as opposed to waiting on the two warring political parties in Congress to reach a consensus on reform legislation…"