Former National Association of Realtors (NAR) economist Mark Calabria has been confirmed as the next director of the Federal Housing Finance Agency (FHFA).
The Senate voted 52-44 Thursday to confirm Calabria, who once oversaw HUD's regulation of the mortgage market under RESPA. Calabria said he supports ending the conservatorship of Fannie Mae and Freddie Mac.
Read on to see what NAR President John Smaby said of the confirmation.
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