Mark Calabria

FHFA will allow borrowers to prolong forbearance plans


Homeowners still deferring payments on federally backed loans as of Feb. 28 will be permitted to request an additional three months of relief.


FHFA asks for input on GSEs' exposure to climate change


In a request for information, the agency sought feedback on how it should prioritize climate risks as part of its supervision of Fannie Mae, Freddie Mac and the Federal Home Loan Banks.


Are Treasury, FHFA running out of time to approve GSE capital boost?


The agency that supervises Fannie Mae and Freddie Mac has pushed for revising an agreement with the Treasury Department allowing the mortgage giants to retain their profits. A deal could be out of reach once Joe Biden takes office.


FHFA proposes formal liquidity rules for GSEs


The proposal builds on guidance that the agency gave to Fannie Mae and Freddie Mac earlier this year.


FHFA issues capital rule, previews next steps on plan to release GSEs


The new capital framework for Fannie Mae and Freddie Mac is a prelude to letting the mortgage giants potentially retain all their earnings. But efforts to privatize the companies could face pushback from the Biden administration.


Oversight council warns of systemic threat from Fannie, Freddie


The Financial Stability Oversight Council said the mortgage giants may need a bigger capital cushion than their regulator has proposed, but stopped short of designating them as “systemically important financial institutions.”


Calabria to Congress: If you don’t like crisis fee, then fund GSEs


Fannie Mae and Freddie Mac have been slammed for planning an additional refinancing charge to cover COVID-related losses, but the head of the Federal Housing Finance Agency defended the policy in House testimony.


Agencies extend freeze on foreclosures and evictions to end of year


Both the Federal Housing Finance Agency and Federal Housing Administration are extending relief for homeowners and renters due to the pandemic crisis.


GSE, fair-lending policies could look radically different if Biden wins


If Trump is reelected, his administration would likely move forward with privatizing Fannie Mae and Freddie Mac and relaxing key rules, while a Joe Biden presidency would likely try to expand homeownership access and borrower protections.


Fee to shield Fannie, Freddie from COVID losses draws instant backlash


The new “adverse market fee” for refinanced mortgages resembles steps the companies took to combat the 2008 mortgage crisis. But critics charge it isn’t necessary and will hurt borrowers’ ability to tap into low rates.