Supreme Court Rules FHFA Director ‘Removable at Will;’ Calabria Out

The Supreme Court on Wednesday ruled that the structure of the Federal Housing Finance Agency is unconstitutional, allowing the President to remove its director at will. Shortly after the ruling, The Biden Administration removed Mark Calabria as FHFA Director.

Apartment Investment Environment Stays Steady

Freddie Mac, McLean, Va., said its Apartment Investment Market Index held steady in the first quarter as continuing low interest rates support the sector.

Industry Briefs May 21, 2021

Quicken Loans, Detroit, announced it will officially change its name to Rocket Mortgage on July 31. This change will bring alignment to the overall “Rocket” brand.

#MBANAC21: Senators Outline Housing Priorities

Three members of the Senate Banking Committee visited the Mortgage Bankers Association’s National Advocacy Conference to talk about renewed interest in housing priorities in the 117th Congress.

Industry Briefs May 7, 2021

Freddie Mac, McLean, Va., and Fannie Mae announced new refinancing options aimed at helping lower-income homeowners.