Washington, D.C. —Today, the Federal Housing Finance Agency (FHFA) announced two personnel updates. Karen Chang will serve as FHFA's Chief of Staff, and Samuel Frumkin has been named the Agency’s Executive Secretary. These appointments are effective immediately.
"Having already served as a detailee in the Office of the Director since June, Karen will continue to be a key advisor and leverage her decision-making and subject matter expertise to provide strategic and operational excellence across the Agency," said FHFA Director Sandra Thompson. "Through his previous positions as Principal Advisor within both the Office of the Director and the Division of Mission and Housing Goals, as well as his policy and supervisory background at a number of other federal financial regulators, Sam’s holistic view of financial institution supervision will enable him to play a key role in ensuring FHFA meets a wide range of its statutory responsibilities."
Karen Chang has been with FHFA since April 2021, serving as Supervisory Financial Analyst in the Division of Enterprise Regulation (DER) Office of Financial Analysis. She previously worked for the Consumer Financial Protection Bureau (CFPB), the White House, the U.S. Department of the Treasury, and other public and private sector organizations.
Samuel Frumkin joined FHFA in 2014 after working for the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and CFPB.
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The Federal Housing Finance Agency regulates Fannie Mae, Freddie Mac and the 11 Federal Home Loan Banks. These government-sponsored enterprises provide more than $7.9 trillion in funding for the U.S. mortgage markets and financial institutions. Additional information is available at www.FHFA.gov, on Twitter, @FHFA, YouTube, Facebook, and LinkedIn.
Contacts: Media Inquiries