The drama of the changing of the guard at the Federal Housing Finance Agency (FHFA) that oversees the Government Sponsored Enterprises (GSEs) of Fannie Mae and Freddie Mac has been duly tracked by the Daily Business News on MHProNews.
One of those barn-burners around allegations of sex and sleaze is found at the link below.
Mel Watt – FHFA and MH Connected Hearing Today to Feature Sexual Misconduct Allegations
For those who listened to the Manufactured Housing Institute (MHI) call outgoing FHFA director Mel Watt a ‘champion’ for the industry, the 10-year delay of getting meaningful Duty to Serve for manufactured housing should be the latest reminder of why MHI’s word arguably ought to raise an immediate question mark.
The move to bring Dr. Mark Calabria should be closely watched, because it could signal possible changes over the horizon on the GSEs, including – but not limited to – the Duty to Serve (DTS) manufactured homes.
A press release today from House Financial Services Committee Chairman Jeb Hensarling is below. A related report, on DTS is found further below.
WASHINGTON – Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement today praising the nomination of Dr. Mark Calabria to serve as Director of the Federal Housing Finance Agency (FHFA).
“The American $10 trillion mortgage market is the envy of the world, and to keep us on top we need an FHFA Director who is dedicated to capitalism and economic growth. Dr. Calabria is that man. He knows what it takes to re-energize our housing industry and to promote responsible growth that rewards investors and attracts foreign dollars into our economy. At a moment in time when the future of housing finance policy in our country will be permanently shaped by the next FHFA Director, I can think of no better or more responsible person for the role than Dr. Calabria and applaud President Trump for his outstanding pick.”
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