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Dr. Mark Calabria was sworn into office Tuesday evening as the director of the Federal Housing Finance Agency (FHFA). NAFCU President and CEO Dan Berger offered his personal congratulations to Calabria, whom NAFCU staff met with several times to share the association's housing finance reform priorities. Calabria supports NAFCU's position on allowing the GSEs to rebuild capital.

NAFCU supported Calabria's confirmation as FHFA director, noting his "unique combination of policy, regulatory and housing expertise," and looks forward to working with Calabria throughout his tenure. Calabria previously served as chief economist for Vice President Mike Pence and replaces acting FHFA Director Joseph Otting, with whom NAFCU also met.  

Recently, NAFCU urged the administration and Congress to work together on a comprehensive solution to housing finance reform, arguing that the continued conservatorship of the government-sponsored enterprises (GSEs) is unsustainable – a view also shared by Calabria.

NAFCU developed an analysis, laying out core principles for housing finance reform that should be included in any final reform measures, and provided its recommendations to Calabria, lawmakers and numerous officials in the Trump administration.