Sandra Thompson, director of the Federal Housing Finance Agency, is set to step down on January 19, according to an agency spokesperson. This announcement comes at a crucial time for the US housing market, as the FHFA oversees two key players: Fannie Mae and Freddie Mac, as well as the Federal Home Loan Bank system.
Had Thompson chosen to remain in her position, President-elect Donald Trump would have had the authority to swiftly remove her following his January 20 inauguration, thanks to a recent US Supreme Court decision that eased the process of removing the FHFA director.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
