The Senate voted 52-44 to confirm Mark Calabria as the next director of the Federal Housing Finance Agency (FHFA) hours after Senate Majority Leader Mitch McConnell’s (R-Ky.) motion for cloture was approved.
The financial industry has expressed strong support for many of his views on reshaping the secondary mortgage market, including ending the conservatorship of Fannie Mae and Freddie Mac, but he’s faced criticism for his past comments on FHFA, affordable housing goals and the conservatorship.
Learn what the industry had to say about his confirmation.