MBA Annual20 General Sessions: Updates from FHFA Director Mark Calabria, CFPB Director Kathy Kraninger
The Mortgage Bankers Association’s Annual Convention & Expo is the industry event of the year for a reason: year after year, you can rely on MBA to bring you industry experts and power players you need to hear from to move your business forward. This year is no exception.
MBA is pleased to announce that Federal Housing Finance Agency Director Mark Calabria and Consumer Financial Protection Bureau Director Kathy Kraninger will take the virtual stage at MBA Annual20. Calabria will deliver his remarks live on Monday, October 19 at 2:30 p.m. ET. On Tuesday, October 20 at 1:00 p.m. ET, hear a live interview with Kraninger, moderated by MBA 2021 Chairman Susan Stewart.
Calabria, nominated by President Trump in January 2019, was confirmed by the Senate and sworn in as Director of FHFA in April 2019. Prior to joining FHFA, he was Chief Economist for Vice President Mike Pence, handling all economic policy issues with a focus on taxes, trade, manufacturing, financial services and labor and housing. Before that, he spent eight years as Director of Financial Regulation Studies with the Cato Institute, where he helped to establish Cato’s Center for Monetary and Financial Alternatives. He also previously served as a senior aide on the Senate Banking Committee and as Deputy Assistant Secretary for Regulatory Affairs with HUD. He has held a variety of positions with Harvard University’s Joint Center for Housing Studies, the National Association of Home Builders and the National Association of Realtors. He has been a Research Associate at the U.S. Census Bureau’s Center for Economic Studies. He holds a doctorate in economics from George Mason University.
During his Senate service, Calabria drafted significant portions of the Housing and Economic Recovery Act of 2008, which created a new regulatory framework for the housing government-sponsored enterprises, Fannie Mae and Freddie Mac and the Federal Home Loan Banks. He was the primary drafter of the Shelby‐Dodd Flood Insurance Reform bill, which formed the basis for the Biggert‐Waters Flood Insurance Reform Act of 2012.
Kraninger became Director of the Consumer Financial Protection Bureau in December 2018. From her early days as a Peace Corps volunteer, to her role establishing the Department of Homeland Security, to her policy work at the Office of Management and Budget to the CFPB, she has dedicated her career to public service.
Kraninger came to the CFPB from the Office of Management and Budget, where as a Policy Associate Director she oversaw budgets for executive branch agencies including the Departments of Commerce, Justice, Homeland Security, Housing and Urban Development, Transportation and Treasury, in addition to 30 other government agencies.
Previously she worked in the U.S. Senate, where she was the Clerk for the Senate Appropriations Subcommittee on Homeland Security, which provides DHS with its $40 billion discretionary budget. On Capitol Hill, she also worked for the House Appropriations Subcommittee on Homeland Security as well as the Senate Homeland Security and Governmental Affairs Committee. She also served in executive branch posts with the Department of Transportation. There, after the terrorist attacks on September 11, 2001, she volunteered to join the leadership team that set up the newly created Department of Homeland Security.
To register for MBA Annual20, click https://www.mba.org/conferences-and-education/event-mini-sites/annual-convention-and-expo/schedule?id=13384_1058573&expand=true.