![]() 9, the Supreme Court is set to hear oral arguments in Collins V. The Supreme Court’s decision will prove crucial Here’s how the Biden administration will shape the fate of Fannie Mae and Freddie Mac - and the broader housing-finance ecosystem. Since assuming that post, Calabria has worked to begin recapitalizing the two enterprises after ending the years of profit sweeps.Īlso last year, Fannie and Freddie’s investors notched a court victory when the Fifth Circuit Court of Appeals ruled that the structure of the FHFA was unconstitutional. Last April, Vice President Mike Pence’s former chief economist, Mark Calabria, was confirmed as the director of the Federal Housing Finance Agency, the main regulator overseeing Fannie Mae and Freddie Mac. ![]() Glimmers of hope have emerged for Fannie and Freddie’s investors during the Trump administration. ![]()
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