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Ending Fannie/Freddie Conservatorship Still a Top Priority for FHFA

Wednesday, September 23, 2020

Mark Calabria, Director of the Federal Housing Finance Agency (FHFA) is stepping up his agency's actions to spring Fannie Mae and Freddie Mac (the GSEs) from their decades long federal receivership. Most recently he called on the mortgage industry to give feedback on FHFA's strategic plan which includes steps to do so.

FHFA's strategic plan for fiscal years 2021 to 2024 lays out the framework for three key goals over the next few years.

The third objective of goal 1 is to "Responsibly end the conservatorship" of the GSEs. In his introduction to the plan, Calabria said in addition to the GSEs' obligation to prepare for autonomy, the FHFA must plan for its own "post-conservatorship role as a world-class regulator."

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