Biden Nominates Sandra Thompson as FHFA Director

President Biden today nominated Sandra L. Thompson as the new director of the Federal Housing Finance Agency (FHFA). Thompson currently serves as acting director of the FHFA, replacing Mark Calabria in June after the U.S. Supreme Court ruled that the FHFA director can be removed at will. NAHB Chairman Chuck Fowke issued the following statement on Thompson's nomination: "NAHB congratulates Sandra L. Thompson on her nomination as the new director of the Federal Housing Finance Agency. We look forward to working with her to ensure the nation's housing finance system retains the appropriate degree of federal support to provide consistent affordable mortgage credit for home buyers and liquidity, and stability for homeownership and rental housing. To address the nation's housing affordability crisis, we urge the agency to pursue tangible policies that support an increased supply of quality affordable rental housing and single-family housing." Thompson previously served as deputy director of FHFA's Division of Housing Mission and Goals since 2013. Prior to joining FHFA, Thompson worked at the Federal Deposit Insurance Corporation, for more than 23 years in a variety of leadership positions, most recently as director of the Division of Risk Management Supervision.