Since the housing crisis, the Federal Housing Finance Agency (FHFA) has operated as a crisis manager – overseeing the aftermath of Fannie Mae and Freddie Mac’s collapse. As recent developments push Fannie and Freddie towards conservatorship, FHFA is now redefining itself as more of a traditional regulator than they have been in the past decade. This shift comes in the form of an amalgam of structural changes and new hires, all with the aim of improving FHFA’s research and supervisory capabilities. These changes are key to FHFA Director Mark Calabria’s plans for the agency as Fannie and Freddie are released from conservatorship.

Read more via American Banker.