Today’s episode of The Big Picture with Rich & Rob featured special guest Mark Calabria, former FHFA Director, diving into the future of Fannie Mae and Freddie Mac, housing policy, and the evolving landscape of mortgage finance.
Calabria provided key insights on the realistic timeline for releasing the GSEs from conservatorship, emphasizing the importance of recapitalization milestones and strategic regulatory adjustments before a full release is possible. He addressed whether privatization can occur without congressional approval, outlining the legal pathways available to FHFA leadership. As well as the potential impact on mortgage rates upon release.
