Calabria confirmed as FHFA director

The Senate today confirmed Dr. Mark Calabria to be director of the Federal Housing Finance Agency (FHFA). NAFCU has met with Calabria several timesand NAFCU President and CEO Dan Berger offered his congratulations to Calabria on his confirmation.

“Dr. Calabria has a strong understanding of credit unions’ needs in housing finance reform and NAFCU looks forward to continuing to work with him as he leads the FHFA,” Berger said. “Our nation’s housing finance system is in need of reform and we are confident Dr. Calabria has the necessary expertise and relationships to coordinate these efforts between the numerous stakeholders.”

Calabria previously served as chief economist for Vice President Mike Pence; he will replace acting FHFA Director Joseph Otting, with whom NAFCU has also met and shared its housing finance reform principles. NAFCU supported Calabria’s nomination as FHFA director, noting his “unique combination of policy, regulatory and housing expertise.”

 

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