Biden to oust Trump-appointed Fannie-Freddie regulator after Supreme Court ruling

search June 23, 2021 Yahoo News Leave a comment 28 Views

Federal Housing Finance Agency Director Mark Calabria, right, accompanied by Housing and Urban Development Secretary Ben Carson, left, speaks at a Senate Banking Committee hearing on "Housing Finance Reform: Next Steps" on Capitol Hill, Tuesday, Sept. 10, 2019, in Washington. Trump administration officials appear before Congress to defend their plan for ending government control of Fannie Mae and Freddie Mac. (AP Photo/Andrew Harnik)

The door for Mark Calabria’s exit was opened by Wednesday’s Supreme Court ruling that made it clear the president has the authority to oust the Federal Housing Finance Agency director. (Andrew Harnik / Associated Press)

President Biden will move immediately to replace the director of the Federal Housing Finance Agency, Mark Calabria, an appointee of former President Trump with broad powers over mortgage giants Fannie Mae and Freddie Mac.

The Supreme Court opened the door for Calabria’s…


Source link

Tags

About search

Check Also

Stock market today: Dow touches 40,000 as stocks hover at record highs – Yahoo Finance

Stock market today: Dow touches 40,000 as stocks hover at record highs – Yahoo Finance

[unable to retrieve full-text content]Stock market today: Dow touches 40,000 as stocks hover at record …

Leave a Reply

Your email address will not be published. Required fields are marked *