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Fannie-Freddie Regulator Asks Congress to Help End U.S. Control

  • FHFA Director Mark Calabria makes request in his annual report
  • ‘Reform remains overdue, despite prior efforts,’ Calabria says
Las Vegas Housing

Photographer: Jacob Kepler/Bloomberg

Fannie Mae and Freddie Mac’s chief regulator is calling on Congress to pass housing-finance reform legislation that sets a path to return the companies to private hands.

Lawmakers should pursue measures that reduce taxpayer risk, promote competition and support sustainable home-ownership, Federal Housing Finance Agency Director Mark Calabria wrote in a letter accompanying his first annual report to Congress.