Mark A. Calabria, Ph.D.

Dr. Mark A. Calabria is the Associate Director for Treasury, Housing, and Commerce. He formerly served as Director of the Federal Housing Finance Agency (FHFA) where he led the agency’s response to COVID and laid the groundwork for a removal of Fannie Mae and Freddie Mac from government conservatorship. As Director, Calabria also revitalized FHFA as a prudential regulator, establishing the agency’s new Research, Accounting Policy, and Resolution Divisions. Prior to leading FHFA in the first Trump Administration, he served at the White House as Chief Economist to the Vice President. In addition, Calabria previously worked as a senior aide to the United States Senate Committee on Banking, Housing and Urban Affairs and served as the Deputy Assistant Secretary for Regulatory Affairs in the Office of Housing at the U.S. Department of Housing and Urban Development, where he supervised HUD’s regulation of the mortgage and real estate market. He was most recently a Senior Advisor to the Cato Institute.