As the former director of financial regulation studies at the Cato Institute, Mark Calabria brings a decidedly libertarian perspective to housing finance.
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.”
“Securitization is the false god that failed us.” These are the words of Mark Calabria, the conservative economist whom the Trump administration nominated last week as director of the Federal Housing Finance Agency, replacing Mel Watt, whose term ends in January.
With many consumers shopping at brick-and-mortar stores this holiday season, mortgages on department stores and shopping malls that are included in commercial MBS will likely see good performance in the end of 2018, said DBRS. [Includes one data chart.]