Calabria, Mnuchin comments shed light on path of GSEs

Comments by the new head of the US Federal Housing Finance Agency (FHFA) and treasury secretary may give a clearer picture of life after conservatorship for the government-sponsored enterprises (GSEs).
In a report released this week, JP Morgan MBS researchers flagged similar comments made by FHFA director Mark Calabria and Steven Mnuchin after the annual Mortgage Bankers Association (MBA) conference in New York on May 20. Despite the uncertainty around the GSEs’ future, Calabria and Mnuchin converged on
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