Supreme Court Rules FHFA Director Removable at Will; Calabria Resigns
“MBA recognizes and appreciates the impact of the Supreme Court’s decision in Collins v. Yellen as FHFA plays a critical role regulating entities that ensure liquid markets for single-family and multifamily mortgages. We expect President Biden will move quickly to appoint a successor, and we look forward to working collaboratively with the administration, FHFA and other stakeholders to ensure those markets function well for lenders and the American consumers they serve.” --MBA President & CEO Robert Broeksmit, CMB.
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