President Trump nominated Mark Anthony Calabria to serve as Director of the Federal Housing Finance Agency (“FHFA”) for a five-year term.
Mr. Calabria is currently Chief Economist to Vice President Mike Pence. Before this role, he served as a senior aide on the U.S. Senate Banking Committee and helped draft the Housing and Economic Recovery Act of 2008. Mr. Calabria also served as Deputy Assistant Secretary for Regulatory Affairs at the U.S. Department of Housing and Urban Development under President George W. Bush.
If confirmed, Mr. Calabria will succeed outgoing Director Melvin Watt, who will depart at the conclusion of his term on January 6, 2019. President Trump designated Comptroller of the Currency Joseph Otting to serve as Acting Director of the FHFA until a successor to Mr. Watt is confirmed.