Momentum Builds for Housing Finance Reform Plan with Proper Federal Support
From NAHB Now
NAHB continues to play a pivotal role in the housing finance reform debate, as CEO Jerry Howard attended the April 15 swearing-in ceremony of Mark Calabria as the new director of the Federal Housing Finance Agency.
Calabria, whose agency oversees Fannie Mae and Freddie Mac, echoed other key policy leaders in citing the important need to move forward on housing finance reform. He was quoted by Politico as saying that President Trump’s recent memorandum on this issue “lays out a constructive path towards mortgage finance reform.”
Calabria’s comments come just three weeks after Senate Banking Committee Chairman Mike Crapo (D-Idaho) held a congressional hearing on his own proposal to move the debate forward. NAHB Chairman Greg Ugalde testified at the March 26 Senate hearing, stating that “we [NAHB] appreciate the chairman’s continued support for an explicit government backstop for a key portion of the conventional mortgage market.”