Federal Housing Finance Agency Director Mark Calabria, testifying before the Senate Banking Committee on September 10, along with Treasury Secretary Steven Mnuchin and Housing and Urban Development Secretary Ben Carson, said that Fannie and Freddie aren’t financially prepared right now to weather a downturn. “It keeps me up at night,” Calabria said.
The top Democrat on the committee, Sen. Sherrod Brown of Ohio, said “the Trump plan will make mortgages more expensive and harder to get.”
