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Secretaries of USDA, HUD, VA, Treasury, and FHFA Acting Director Release Joint Statement on Agency Actions to Prevent Evictions
The Centers for Disease Control and Prevention's (CDC) eviction moratorium is in place until July 31st, but the Supreme Court's ruling made clear that CDC cannot extend the moratorium past its current expiration date. In light of that decision, the Biden-Harris Administration is taking steps to...
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FHFA Director Mark Calabria's Statement on the U.S. Supreme Court’s Collins v. Yellen Decision
PageContent I respect the Supreme Court's decision and the authority of the President to remove the Federal Housing Finance Agency Director. It has been the honor of a lifetime to serve as Director of the Federal Housing Finance Agency alongside world-class staff. During my tenure, FHFA has...
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FHFA Director Mark Calabria's Statement at the Financial Stability Oversight Council Principals Meeting on June 11, 2021
PageContent Public Remarks as Prepared for Delivery Dr. Mark A. Calabria Director, Federal Housing Finance Agency FINANCIAL STABILITY OVERSIGHT COUNCIL PRINCIPALS MEETING Friday, June 11, 2021 At today's Financial Stability Oversight Council Principals Meeting, FHFA Director Mark Calabria gave...
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FHFA Director Mark Calabria's Statement at The Brookings Institution on May 11, 2021
Public Remarks as Prepared for Delivery Dr. Mark A. Calabria Director, Federal Housing Finance Agency The Brookings Institution Living wills for housing government-sponsored enterprises: Implementation and impact Tuesday, May 11, 2021 Thank you, Aaron, for that introduction and for inviting me to...
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FHFA Director Mark Calabria's Statement at the Financial Stability Oversight Council Principals Meeting on March 31, 2021
Public Remarks as Prepared for Delivery Dr. Mark A. Calabria Director, Federal Housing Finance Agency FINANCIAL STABILITY OVERSIGHT COUNCIL PRINCIPALS MEETING Wednesday, March 31, 2021 Thank you, Madam Chair. And I want to welcome all of the Council’s new members. FHFA has recognized that our...
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FHFA Director Mark Calabria's Statement at the Financial Stability Oversight Council Principals Meeting on December 3, 2020
Statement by Dr. Mark A. Calabria, Director, Federal Housing Finance Agency FINANCIAL STABILITY OVERSIGHT COUNCIL PRINCIPALS MEETING DECEMBER 3, 2020 Thank you, Mr. Chairman. I want to thank the staff of each FSOC member agency for the hard work that went into producing this report. The FSOC...
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Statement from FHFA Director Mark Calabria on Coronavirus
Washington, D.C. – “To meet the needs of borrowers who may be impacted by the coronavirus, last week Fannie Mae and Freddie Mac (“the Enterprises”) reminded mortgage servicers that hardship forbearance is an option for borrowers who are unable to make their monthly mortgage payment. For borrowers...
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Statement from FHFA Director Mark Calabria on Letter Agreement with Treasury to Increase Fannie, Freddie Capital Retention
Washington, D.C. – “The Enterprises are leveraged nearly 1,000-to-one, ensuring they would fail during an economic downturn – exposing taxpayers once again. This letter agreement between Treasury and FHFA, which allows the Enterprises to retain capital of up to $45 billion combined, is an...
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Statement of FHFA Director Mark Calabria on the Administration's Plans For Housing Finance Reform
“I applaud Secretary Mnuchin’s and Secretary Carson’s efforts to lay out plans for comprehensive housing finance reform. These plans are an important step toward meaningful, lasting housing finance reform. After nearly 11 years, ending the conservatorships of Fannie Mae and Freddie Mac is now a top...
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FHFA Statement in Support of the Alternative Reference Rates Committee's (ARRC) White Paper on Transition to SOFR
“FHFA commends the work of the ARRC and the release today of a White Paper outlining a framework for developing newly-originated consumer residential ARM products using SOFR. FHFA is committed to the important work of developing a path to a successful transition away from LIBOR.” This statement...