Former FHFA Chief: The Next Collapse of Fannie, Freddie “May Well Be an Inevitability”
Former Federal Housing Finance Agency Director Mark Calabria says the housing industry is poised for another meltdown, citing high delinquency rates, low supply and loosening credit standards. In an expansive and candid interview, the former GSE regulator predicts Fannie and Freddie will likely fail again despite his best efforts. He details what went wrong and why, and offers an inside take on the GSEs' relationship with their regulator.