Remote video URL
How We Should Think about Administrative Reform of the GSEs

The event will be webcast live from this page.
Registration is not required to view the webcast.

With the recent confirmation of Mark Calabria as director of the Federal Housing Finance Agency and the Trump administration devising a plan for reforming the housing finance system, attention is turning to how the system can be reformed through administrative actions. In this Sunset Seminar, we will discuss this issue, focusing on two key aspects of administrative reform:

  • migrating the securitization infrastructure, by which Fannie Mae and Freddie Mac have long controlled access to the secondary market, to a market utility and
  • spreading the credit risk that they assume more broadly throughout the system.  



  • Mike Calhoun, President, Center for Responsible Lending
  • Ed DeMarco, President, Housing Policy Council
  • David Finkelstein, Chief Investment Officer, Annaly Capital Management
  • David Gansberg, Chief Executive Officer, Global Mortgage Group, Arch Capital Group Ltd.
  • Laurie Goodman, Vice President, Housing Finance Policy, Urban Institute
  • Eric Kaplan, Director, Center for Financial Markets, Milken Institute
  • Maren Kasper, Acting President, Executive Vice President, and Chief Operations Officer, Ginnie Mae
  • Jim Parrott, Nonresident Fellow, Housing Finance Policy, Urban Institute 
  • Phillip Swagel, Senior Fellow, Milken Institute; Professor, University of Maryland School of Public Policy
  • Mark Zandi, Chief Economist, Moody’s Analytics

Registration and a reception will be available at 5:00 p.m. and the program will begin promptly at 5:30 p.m. The reception will continue after the program concludes. Please contact [email protected] with questions regarding this event. 

Support for this event is provided by Arch Capital, a Housing Finance Innovation Forum member. For more information on the Urban Institute’s funding principles, go to


Date & Time Tuesday, May 28, 2019
Urban Institute 500 L'Enfant Plaza SW
Washington , DC , 20024
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  • Institute Fellow
  • Nonresident Fellow