HousingWireHousingWire Mark Calabria is the latest addition to the leadership roster at the Consumer Financial Protection Bureau (CFPB), despite the bureau’s near shutdown. Calabria, director of the FHFA in President Trump’s first term, will be serving a key role at the CFPB until Jonathan McKernan is confirmed as the permanent…
Continue reading →HousingWireHousingWire The newest senior leaders of the Consumer Financial Protection Bureau (CFPB) might not be anticipating long-term employment. Jeffrey Clark was appointed as senior advisor to Mark Paoletta, the CFPB’s new chief legal officer. Both had a tenure at the Center for Renewing America, a conservative think-tank founded by Russell…
Continue reading →HousingWireHousingWire Staffing cuts at Ginnie Mae could table or delay the rollout of a complementary reverse mortgage securities program announced last year, according to an interview with a former Ginnie Mae official who requested anonymity out of fear of retaliation and reports of staff cuts by multiple outlets. But a…
Continue reading →HousingWireHousingWire The U.S. Department of Housing and Urban Development (HUD) has announced its own DOGE Task Force this week, after Elon Musk’s team ravaged the Consumer Financial Protection Bureau (CFPB) last week. While American voters have little transparency into this undemocratic firing squad, we know that they intend to fire half…
Continue reading →HousingWireHousingWire If a rumored large-scale layoff at the Federal Housing Administration (FHA) occurs, it could result in major damage to key programs that mortgage lenders and investors rely on, such as project-based rental assistance, Section 202 and even financial losses to the national mortgage insurance fund. This is according to…
Continue reading →