Nearly a year after assuming interim leadership of the Federal Housing Finance Agency (FHFA), Sandra Thompson has been named the agency’s permanent director. On Wednesday, the U.S. Senate confirmed Thompson as FHFA director by a 49-46 vote. Thompson touts more than four years of experience in government, particularly in financial regulation, risk management, and consumer… Continue reading U.S. Senate Confirm Sandra Thompson as Permanent FHFA Director
Tag: Sandra Thompson
Life After Conservatorship: FHFA Preparing Fannie and Freddie for the Eventual Exit
Despite recent skepticism surrounding a possible exit from conservatorship for Fannie Mae and Freddie Mac, officials from the Federal Housing Finance Agency (FHFA)—the overseer of both agencies—indicated that the door hasn’t yet been shut on the idea. After more than a decade under federal government oversight, Sandra Thompson, the acting director of the FHFA, confirmed… Continue reading Life After Conservatorship: FHFA Preparing Fannie and Freddie for the Eventual Exit
HUD Debuts Action Plan to Address Racial and Ethnic Bias in Home Appraisals
The U.S. Department of Housing and Urban Development (HUD) has unveiled its roadmap for addressing racial bias in the home appraisal process. HUD and the Biden Administration released its Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) Action Plan on March 23, along with an in-depth analysis of how the government and participating… Continue reading HUD Debuts Action Plan to Address Racial and Ethnic Bias in Home Appraisals
FHFA Releases Statement on Climate Change
Federal Housing Finance Agency (FHFA) Acting Director Sandra L. Thompson recently released the following statement on climate change: ”The FHFA recognizes that climate change poses a serious threat to the U.S. housing finance system. As a member of the Financial Stability Oversight Council (FSOC), FHFA is committed to working collaboratively with other federal agencies to… Continue reading FHFA Releases Statement on Climate Change
FHFA Announces Conforming Loan Limits for Fannie and Freddie Mortgages
The Federal Housing Finance Agency (FHFA) has announced the conforming loan limits (CLLs) for any mortgages acquired by Fannie Mae and Freddie Mac in 2022. Throughout most of the U.S., the 2022 CLL for one-unit properties will be $647,200—up $98,950 from $548,250 in 2021. According to FHFA, the Housing and Economic Recovery Act (HERA) requires… Continue reading FHFA Announces Conforming Loan Limits for Fannie and Freddie Mortgages
FHFA Releases 2022 Scorecard for Fannie, Freddie and CSS
The Federal Housing Finance Agency (FHFA) released the 2022 Scorecard for Fannie Mae, Freddie Mac and Common Securitization Solutions, LLC (CSS). The purpose of the 2022 Scorecard is to hold the enterprises and CSS accountable for fulfilling their core mission requirements by promoting sustainable and equitable access to affordable housing and operating in a safe… Continue reading FHFA Releases 2022 Scorecard for Fannie, Freddie and CSS
Acting FHFA Director Addresses Homeownership Gap During Virtual Listening Session
On Tues., June 29, Acting Director for the Federal Housing Finance Agency (FHFA), Sandra L. Thompson, presented a virtual listening session: “Closing the Gap to Sustainable Homeownership.” During the presentation, Thompson recognized that irresponsible lending practices, particularly among communities of color, erased “years of progress” in closing the racial homeownership and wealth gaps. According to… Continue reading Acting FHFA Director Addresses Homeownership Gap During Virtual Listening Session