The agency has begun to assemble the team that is supposed to deliver on the new director's plans for housing-finance reform. So far, the industry is impressed.
Bucking national trends, the percentage of women employees at the FHFA has been declining since 2014. Minorities continue to see incremental advances in representation in the workforce.
The new hire is part of the growing link between the agency, HUD, and the White House. Whether that’s a political asset or a liability remains to be seen.
Interim CEO Hugh Frater’s six-month odyssey at Fannie Mae just got longer last week when the board selected him to take the position permanently. His tenure became effective March 26, and he will remain on the board directors.
In a straight, party-line vote, the Senate Thursday confirmed conservative economist Mark Calabria to be the next director of the Federal Housing Finance Agency.
Freddie Mac announced Thursday that current President David Brickman will get the nod to head the GSE. He will also take a seat on the board of directors. Donald Layton, the current CEO, will retire in July, as planned.
The general consensus was that Mark Calabria would be easily confirmed as FHFA director. So it came as somewhat of a surprise when his nomination passed out of the committee last week on a 13- to-12, straight party-line vote.
Mel Watt violated ethics rules as director of the Federal Housing Finance Agency by attempting to “coerce” a senior manager into a relationship by suggesting he could help her in getting an executive post, according to a just-released report from the agency’s inspector general.
RSS