Voya’s Goodson Discusses Potential Securitized Market Changes Under Biden
Under the headline, “Biden victory points to new securitization backdrop,” GlobalCapital reported that the U.S. “mortgage market is anticipating big changes” under President-elect Joe Biden, with Federal Housing Finance Agency (FHFA) Director Mark Calabria “at risk of dismissal.” The U.S. Supreme Court is currently reviewing a case about the FHFA’s leadership and some “sources predict that Calabria’s dismissal would come sometime in the first term of Biden’s presidency, and as soon as the first half of 2021.” Voya Investment Management Head of Securitized Dave Goodson said, “We will probably feel the impact most poignantly and more immediately on the residential mortgage side of the securitized universe.” Goodson added, “We’ve already seen some forces put into motion.”