Macro Musings with David Beckworth cover image

Mark Calabria on *Shelter From the Storm: How a COVID Mortgage Meltdown Was Averted*

Macro Musings with David Beckworth

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The Role of the FHFA in the COVID Response

The FHFA is a safety and soundness regulator, just like the banking regulators would set capital liquidity standards. The housing goals that Fannie and Freddie live under are fairly similar in spirit to CRA obligations. I could see it when I came into the agency that much of the supervision staff were essentially disillusioned and feel like that someone had their back.

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