Is the White House getting cold feet on Calhoun for FHFA?

There's been speculation about who the next FHFA director is likely to be, last week that talk coalesced around one person: Mike Calhoun.

Was this newsletter forwarded to you? Sign up here. Good afternoon —   There's been a lot of speculation about who the next FHFA director is likely to be, but last week that talk coalesced around one person: Mike Calhoun, the president at the Center for Responsible Lending. Calhoun is a very familiar face on Capitol Hill, having testified before the House and Senate on banking, lending, financial reform, consumer credit and consumer protection for years.   Sources told us to expect an announcement on Monday, but yesterday the White House released their pick for Ginnie Mae president — the eminently qualified Alanna McCargo — without a word about Calhoun.   Is the Calhoun nomination now in doubt? The top leadership spot at FHFA has had its share of drama in recent years after the Supreme Court ruled that the CFPB's lone director could be fired at will by the president. That set a precedent for the FHFA as well, and as soon as the Court made it official in June of this year, Biden replaced FHFA Director Mark Calabria with Sandra Thompson.   Calhoun is seen as "neutral to modestly positive for the housing market" according to housing analyst Bose George or Keefe Bruyette & Woods. Read more about his thoughts on regulating the GSEs as utilities here.     We'll be keeping our ear to the ground and let you know when we know.   Until tomorrow —   Sarah Wheeler HousingWire Editor in Chief Jacob Channel on minimum wage and housing costs    In this episode of HousingWire Daily, LendingTree's Jacob Channel discusses the relationship between minimum wage workers and housing costs. Listen now Is Mike Calhoun still in the running for FHFA director?    President Joe Biden was expected to nominate Mike Calhoun for FHFA director on Monday. But the nomination never came. Is he still in the running? HW+ Premium Content ServiceLink Report Shows How COVID-19 Spurred Homebuying & Refinance Trends Want to know how you can attract new customers? Read actionable takeaways in the ServiceLink State of Homebuying Report. Survey data from 1,000 homeowners nationwide showcases consumers' priorities and expectations for the mortgage process. Download the report. Sponsored by ServiceLink Compass acquires another title company    Compass announced Monday that is has signed an agreement to acquire Dallas-based title insurance company LegacyTexas Title Co., its latest foray into the title and escrow space. How to achieve touchless lending for the mortgage industry   Due to recent advancements in automation technology, touchless lending has graduated from theoretical to actual. This white paper will cover how to achieve a touchless mortgage pathway and its benefits for lenders. Presented by Tavant Homebot brings new meaning to past client relationships The award winning client-for-life portal is helping tens of thousands of lenders foster meaningful relationships with their clients. See how lenders across the nation are maximizing their repeat and referral business. Learn More. Sponsored by Homebot HousingWire, 433 East Las Colinas Blvd., Suite 830, Irving, TX 75039, (469) 893-1480 Manage preferences

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