{"id":1219,"date":"2018-12-20T08:00:00","date_gmt":"2018-12-20T08:00:00","guid":{"rendered":"https:\/\/www.realtrends.com\/blog\/2018\/12\/20\/former-nar-economist-mark-calabria-oversee-fhfa\/"},"modified":"2025-03-13T02:18:42","modified_gmt":"2025-03-13T02:18:42","slug":"former-nar-economist-mark-calabria-oversee-fhfa","status":"publish","type":"post","link":"https:\/\/www.realtrends.com\/blog\/2018\/12\/20\/former-nar-economist-mark-calabria-oversee-fhfa\/","title":{"rendered":"Former NAR Economist Calabria Nominated to Oversee FHFA"},"content":{"rendered":"<h2>Former NAR Economist Calabria Nominated to Oversee FHFA<\/h2>\n<h6><em>President Trump has nominated Mark Calabria to director of the Federal Housing Finance Agency for a term of five years.<\/em><\/h6>\n<p><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-53618 alignleft\" src=\"https:\/\/www.realtrends.com\/blog\/wp-content\/uploads\/sites\/9\/2021\/01\/mark-calabria.jpg\" alt=\"mark calabria\" width=\"81\" height=\"129\">Mark Calabria currently serves as <a href=\"https:\/\/en.wikipedia.org\/wiki\/Chief_economist\" target=\"_blank\" rel=\"noopener\">chief economist<\/a> to Vice President Pence and was director of financial regulation studies at the libertarian Cato Institute. The FHFA serves as conservator of the government-sponsored enterprises Fannie Mae and Freddie Mac. In a 2016 op-ed for <em>American Banker<\/em>, Calabria voiced support of overhauling Fannie and Freddie, and giving the private market a role.<\/p>\n<p><!--more--><\/p>\n<blockquote>\n<p>\u201cHaving the government act as receiver for the two mortgage giants\u2014instead of conservator\u2014would have had many important benefits,\u201d he wrote. \u201cIt would have restructured the GSEs without any taxpayer support, while allowing them to continue to support the mortgage market. Just as importantly, receivership would have transformed Fannie and Freddie into \u2018clean\u2019 companies, ready to be released back into the private market.\u201d<\/p>\n<\/blockquote>\n<p>Previously, Calabria served on the Senate Banking Committee where he was one of the lead drafters of the Housing and Economic Recovery Act of 2008 (HERA), which created the Federal Housing Finance Agency. He previously held a position as an economist for the <a href=\"upstream-parts-nar-new-direction\/\">National Association of Realtors\u00ae<\/a>. If confirmed by the Senate, Calabria will succeed current FHFA Director Mel Watt, who has led the agency since 2014.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Former NAR Economist Calabria Nominated to Oversee FHFA President Trump has nominated Mark Calabria to director of the Federal Housing Finance Agency for a term of five years. Mark Calabria currently serves as chief economist to Vice President Pence and was director of financial regulation studies at the libertarian Cato Institute. The FHFA serves as [&hellip;]<\/p>\n","protected":false},"author":15802,"featured_media":4822,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3255],"tags":[],"coauthors":[],"class_list":["post-1219","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-archive"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.4 (Yoast SEO v26.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Former NAR Economist Calabria Nominated to Oversee FHFA<\/title>\n<meta name=\"description\" content=\"President Trump has nominated Mark Calabria to director of the Federal Housing Finance Agency for a term of five years. 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Calabria currently serves as chief economist to Vice President Pence and was dir\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.realtrends.com\/blog\/2018\/12\/20\/former-nar-economist-mark-calabria-oversee-fhfa\/\" \/>\n<meta property=\"og:site_name\" content=\"RealTrends - Blog\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.realtrends.com\/blog\/wp-content\/uploads\/sites\/9\/2025\/03\/9ced5ef4-69ab-4ba7-a7cd-ec49be7b274d.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Tracey Velt\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@traceyveltFL\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tracey Velt\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.realtrends.com\/blog\/2018\/12\/20\/former-nar-economist-mark-calabria-oversee-fhfa\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.realtrends.com\/blog\/2018\/12\/20\/former-nar-economist-mark-calabria-oversee-fhfa\/\"},\"author\":{\"name\":\"Tracey Velt\",\"@id\":\"https:\/\/www.realtrends.com\/blog\/#\/schema\/person\/db05dddc94c61082eaa18f2f5e66c788\"},\"headline\":\"Former NAR Economist Calabria Nominated to Oversee FHFA\",\"datePublished\":\"2018-12-20T08:00:00+00:00\",\"dateModified\":\"2025-03-13T02:18:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.realtrends.com\/blog\/2018\/12\/20\/former-nar-economist-mark-calabria-oversee-fhfa\/\"},\"wordCount\":223,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.realtrends.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.realtrends.com\/blog\/2018\/12\/20\/former-nar-economist-mark-calabria-oversee-fhfa\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.realtrends.com\/blog\/wp-content\/uploads\/sites\/9\/2025\/03\/9ced5ef4-69ab-4ba7-a7cd-ec49be7b274d.png\",\"articleSection\":[\"Archive\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.realtrends.com\/blog\/2018\/12\/20\/former-nar-economist-mark-calabria-oversee-fhfa\/#respond\"]}],\"isAccessibleForFree\":\"False\",\"hasPart\":{\"@type\":\"WebPageElement\",\"isAccessibleForFree\":\"False\",\"cssSelector\":\".wp-block-housingwire-piano-member\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.realtrends.com\/blog\/2018\/12\/20\/former-nar-economist-mark-calabria-oversee-fhfa\/\",\"url\":\"https:\/\/www.realtrends.com\/blog\/2018\/12\/20\/former-nar-economist-mark-calabria-oversee-fhfa\/\",\"name\":\"Former NAR Economist Calabria Nominated to Oversee FHFA\",\"isPartOf\":{\"@id\":\"https:\/\/www.realtrends.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.realtrends.com\/blog\/2018\/12\/20\/former-nar-economist-mark-calabria-oversee-fhfa\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.realtrends.com\/blog\/2018\/12\/20\/former-nar-economist-mark-calabria-oversee-fhfa\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.realtrends.com\/blog\/wp-content\/uploads\/sites\/9\/2025\/03\/9ced5ef4-69ab-4ba7-a7cd-ec49be7b274d.png\",\"datePublished\":\"2018-12-20T08:00:00+00:00\",\"dateModified\":\"2025-03-13T02:18:42+00:00\",\"description\":\"President Trump has nominated Mark Calabria to director of the Federal Housing Finance Agency for a term of five years. 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