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WBK Industry News - Federal Regulatory Developments

Senate Confirms Mark Calabria as Director of FHFA

On April 4, 2019, the U.S. Senate confirmed Mark Calabria’s nomination to become the next director of the Federal Housing Finance Agency (FHFA).  Calabria, who was serving as Vice President Mike Pence’s chief economist, was confirmed by a 52-44 vote to a five-year term.  Joseph Otting, FHFA’s acting director since January, issued a statement congratulating Calabria’s confirmation.