Calabria’s GSE Reform Could Trigger A Recession: Dick Bove

Debate over removing Fannie Mae and Freddie Mac from conservatorship continues as the two government-sponsored enterprises reported healthy Q4 earnings results. The two GSEs reported their earnings results the same day Trump’s choice for the next director of the Federal Housing Finance Agency (FHFA) was set to testify before the Senate. Q4 hedge fund letters, conference, scoops etc It seems likely Congress will approve Mark Calabria as the next FHFA director, but one well-known bank analyst is warning against it. Richard Bove thinks Calabria would be good for Fannie Mae shareholders but bad for housing values. Calabria before the Senate…