Mark Calabria, President Trump’s nominee to lead the Federal Housing Finance Agency, may be looking at a prolonged confirmation process in the Senate, according to industry observers.
Surprising no one, the Federal Reserve’s Federal Open Market Committee Wednesday decided not to raise the target rate on federal funds above the current 2.25 percent. The vote, as usual, was unanimous.
Comptroller of the Currency Joseph Otting has served as acting director of the Federal Housing Finance Agency for just shy of four weeks. But there’s one problem: His appointment may be illegal.
Fannie Mae and Freddie Mac are coming off strong years for their multifamily business and most observers say that success is likely to continue well into 2019.
The Federal Housing Finance Agency, which regulates Freddie Mac and Fannie Mae, last week said it will no longer defend its single-director leadership structure.