Replies to post #486843 on Fannie Mae-No Politics (FNMA)

[HoldenWalker99]

Can the administration stop the net worth sweep without having Calabria in place?

Yes.

NWS was implemented by Demarco, who was Acting Director. Presumably, NWS could be stopped by Acting Director.

[YanksGhost]

Yes, Joseph Otting has already received Senate confirmation as Controller of the Currency and, thus, is eligible to serve @ FHFA with all the powers and authority that Mel Watt had. Watt's predecessor, Ed DeMarco served in an identical capacity.