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Senate advances nomination of Calabria to lead the FHFA

Steve Goldstein

The Senate on Thursday advanced the nomination of Mark Calabria to be director of the Federal Housing Finance Agency by a 53 to 46 party line, setting up a confirmation vote as early as Thursday afternoon. The FHFA regulates mortgage giants Fannie Mae and Freddie Mac , and Calabria's confirmation is seen as a pivotal moment for housing finance reform efforts.