“MBA looks forward to continuing this relationship as she addresses a variety of housing finance issues, including the conservatorship of Fannie Mae and Freddie Mac. This will include protecting taxpayers, serving the GSEs’ affordable housing mission, and ensuring a stable secondary mortgage market for a wide variety of single-family and multifamily lenders, regardless of size or business model,” he said.
The National Association of Realtors, however, is worried that the court’s ruling on FHFA’s leadership structure may hurt mortgage credit availability.
“NAR has appreciated Director Calabria’s willingness to address complex issues and advance GSE reform conversations over the past two years,” said NAR president Charlie Oppler. “While the agency has also worked tirelessly to uphold a safe, stable mortgage market throughout the pandemic, NAR has concerns that recent FHFA policy changes could jeopardize the availability of mortgage credit in the future.”
But Oppler said that regardless of any potential leadership changes on the horizon, realtors will continue working with the FHFA to advance its utility model for GSE reform as conservatorship ends.