Mark Calabria

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Calabria: No nonbank is too big to fail 

Apr 07, 2020By

Over the weekend, David Stevens, the former head of the FHA and CEO of the MBA, wrote that the mortgage industry was “standing on the precipice” of widespread havoc due to a potential deluge of forbearance requests from borrowers. FHFA Director Mark Calabria, meanwhile, told HousingWire Tuesday that the industry shouldn’t expect the agency to save any nonbank from failing.

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