GSE reform looms, but to what end?

Mark Calabria, the nominee to lead the Federal Housing Finance Agency (FHFA), will most likely be confirmed and sworn in by April 1, said panelists speaking at SFIG Vegas on Tuesday afternoon. With his confirmation, and with it the heightened possibility of imminent substantive housing finance reform, the market is now grappling with the technical and philosophical details of plans that have been discussed for more than a decade.