WASHINGTON — President Trump has officially sent Mark Calabria's nomination to the Senate to serve as the next director of the Federal Housing Finance Agency.
Calabria, the current chief economist for Vice President Mike Pence and a former Republican aide on the Senate Banking Committee, is known across the industry as an advocate for substantially shrinking the footprint of the government-sponsored enterprises Fannie Mae and Freddie Mac.
The White House announced that Trump
Until Calabria is confirmed, Comptroller of the Currency Joseph Otting will
In his former role as the director of financial regulation studies at the Cato Institute, Calabria was
The White House’s intention to nominate Calabria in December was applauded by several prominent Republicans who have adopted similar views, including former House Financial Services Chair Jeb Hensarling and the current ranking member of the committee, Rep. Patrick McHenry, R-N.C.