Sunday, 1 August 2021 | The Latest Buzz for the Appraisal Industry

Calabria is Out at FHFA; New Home Sales Hit 12 Month Low

On Wednesday morning the Supreme Court ruled that the statutory restrictions on the president’s ability to remove the chairman of the Federal Housing Finance Agency (FHFA) violates the Constitution’s separation of powers. Within hours the White House announced it would be replacing Mark Calabria who currently holds that position. The decision, in a case now known as Collins v Yellen, was similar to Seila Law v The Consumer Financial Protection Bureau (CFPB) which was decided

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