In the last couple of days, there has been much focus on the circumstances around the transition from Mark Calabria Federal to Sandra Thompson (at least on an interim basis) at the Federal Housing Finance Agency.
However, Evan Blau, chair of the Agency Lending and Affordable Housing practice at Cassin & Cassin LLP, says the real important news will be the Biden Administration's plan for Fannie Mae and Freddie Mac and their relationship with FHFA on a going-forward basis.
"With the removal of Director Calabria, there is, of course, the strong indication that the Biden Administration will choose a new course for the GSEs from the highly publicized potential exit from conservatorship that the Trump Administration had backed and taken affirmative steps to implement," Blau says. "This said, very little has been said about the Biden Administrations' 'plan' for Fannie Mae and Freddie Mac and their relationship with FHFA."
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
