Political Quotes

“Thank you, Mr. President. I rise to speak in support of the nomination of Mark Calabria to be Director of the Federal Housing Finance Agency, FHFA, for a 5-year term. For over a decade, the FHFA has served as the regulator and watchdog of the government-sponsored enterprises Fannie Mae, Freddie Mac, and the Federal Home Loan Bank System. Since 2008, when Fannie and Freddie were placed in conservatorship during the financial crisis, the FHFA has also served as conservator of these mortgage giants, charged with preserving and conserving their assets and helping to return them to stable financial footing. As long as Fannie and Freddie remain in conservatorship, the FHFA Director will play an integral role in setting the strategic direction, the guardrails, and the day-to-day management of these companies, which have a combined $5 trillion in assets. It is critically important for the Senate to quickly confirm a qualified, experienced individual to this important post. Fortunately, Mark Calabria meets these requirements. Dr. Calabria is a leading expert on housing and mortgage finance and a respected Ph.D. economist. He has almost 30 years of experience interacting with the housing market from nearly every perspective-- academia, industry, trade associations, think tanks, as a congressional staffer, and as a regulator.…”