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Statement

Statement of FHFA Director Mark Calabria on the Administration's Plans For Housing Finance Reform

FOR IMMEDIATE RELEASE
9/5/2019

“I applaud Secretary Mnuchin’s and Secretary Carson’s efforts to lay out plans for comprehensive housing finance reform.  These plans are an important step toward meaningful, lasting housing finance reform.  After nearly 11 years, ending the conservatorships of Fannie Mae and Freddie Mac is now a top priority for this Administration and the FHFA.  I look forward to working with the Administration and Congress to chart a path forward that achieves the following objectives: Creating a competitive mortgage market with a limited government role; ensuring taxpayers never again have to rescue Fannie Mae and Freddie Mac; and paving the way for sustainable and affordable housing for homeowners across America.”

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The Federal Housing Finance Agency regulates Fannie Mae, Freddie Mac and the 11 Federal Home Loan Banks. These government-sponsored enterprises provide more than $6.3 trillion in funding for the U.S. mortgage markets and financial institutions. Additional information is available at www.FHFA.gov, on Twitter @FHFA, YouTube, Facebook, and LinkedIn.
Contacts:

Media: Stefanie Johnson (202) 649-3030

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