MBA Statement on the Selection of Sandra L. Thompson to Lead FHFA
|Rob Van Raaphorst|
WASHINGTON, D.C. (December 14, 2021) - Statement by MBA President and CEO Bob Broeksmit, CMB, on President Joe Biden's intent to nominate Sandra L. Thompson to be the next Director of the Federal Housing Finance Agency (FHFA):
"MBA applauds the White House's intention to nominate Sandra Thompson to be the next Director of the Federal Housing Finance Agency. Thompson's in-depth expertise as a regulator and her experience in real-estate finance makes her the perfect choice to lead FHFA.
"Since assuming the position of Acting Director in June, Thompson has addressed several topline issues, including reversing the adverse market refinance fee, calling for the continuation of pandemic-related flexibilities, enhancing the GSEs' new refinance programs for low-income borrowers, and overseeing the GSEs' mission of creating equitable and sustainable solutions for affordable housing and rental opportunities.
"We hope that this will be a quick confirmation process and look forward to continuing our work with Acting Director Thompson, FHFA, and the GSEs to ensure a stable and robust secondary mortgage market for a wide variety of single-family and multifamily lenders, regardless of size or business model."