In a joint letter sent late last month, Maxine Waters, D-CA, chairwoman of the House Financial Services Committee, and Sherrod Brown, D-OH, ranking member of the Senate Banking Committee, raised serious questions about the legitimacy of Joseph Otting’s recent designation as acting director of the Federal Housing Finance Agency.

Mark Calabria, the White House nominee to be the next permanent director of the Federal Housing Finance Agency, will get a hearing before the Senate Banking Committee on Thursday, Feb. 14. The SBC released the hearing schedule for Calabria and other nominees late Thursday.

Blend, the Silicon Valley fintech vendor, announced Tuesday that recently departed Fannie Mae CEO Timothy Mayopoulos will take over as company president. Mayopoulos also will join the firm’s board.

Comptroller of the Currency Joseph Otting early this week became the second member of the Trump administration to simultaneously run two federal agencies when he took charge as acting director of the Federal Housing Finance Agency.

George W. Haywood, a successful private investor and friend of former President Obama, stepped down from the board of Fannie Mae last month.