GSEs must decide their own fates, FHFA chief says

Fannie Mae
By Alexander Saeedy
20 May 2019

Federal Housing Finance Agency chief Mark Calabria said on Monday that he expects the government-sponsored enterprises to decide their own paths out of conservatorship in the coming years, rather than have the housing regulator lay out a controlled plan for their privatisation.

Speaking at the Mortgage Bankers Association conference in New York, Calabria said it was time to fully embrace the end of government control over Fannie Mae and Freddie Mac by allowing the soon-to-be private corporations to develop future business plans of their own.

“The status quo is ...

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