WASHINGTON, DC – The Senate today voted to confirm Sandra Thompson’s nomination to a full five-year term as Director of the Federal Housing Finance Agency (FHFA) – the federal regulator that oversees Fannie Mae and Freddie Mac. Mike Calhoun, president of the Center for Responsible Lending (CRL), issued the following statement:
CRL applauds the Senate for confirming Sandra Thompson to a full term as director of FHFA.
Ms. Thompson has provided strong leadership as FHFA Acting Director, and is committed to seeing that Fannie Mae, Freddie Mac and the Federal Home Loan Banks act to advance housing affordability and reduce the racial wealth gaps. Her extensive prior experience also ensures that these government-sponsored enterprises will provide sustainable financing to help families buy homes and start and grow businesses, while ensuring the safety and soundness of the financial system.
We look forward to working with Ms. Thompson to ensure affordable housing opportunities for all Americans.
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