Rep. Waters to Mick Mulvaney: “I am writing to inform you that while your time running the Consumer Bureau may be over, the time for accountability for your actions is about to begin.”
As the former director of financial regulation studies at the Cato Institute, Mark Calabria brings a decidedly libertarian perspective to housing finance.
On Friday, just two days before the Congress recessed for the holidays, House Committee on Financial Services Chairman Jeb Hensarling, R-TX, surprised industry observers by holding the long-delayed hearing on his pet project, “The Bipartisan Housing Finance Reform Act of 2018.”
In what’s become a nearly annual event, the Congressional Budget Office this week suggested raising the guarantee fees charged by Fannie Mae and Freddie Mac, and/or lowering the loan limit, in order to reduce the federal deficit.