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Statement of Director Sandra L. Thompson on the Advisory Bulletin to the Federal Home Loan Bank System on Climate Risk
The Federal Housing Finance Agency (FHFA) issued today an Advisory Bulletin to the Federal Home Loan Bank (FHLBank) System, AB 2024-04: FHLBank System Climate-Related Risk Management, following extensive outreach to the System’s members and other relevant stakeholders through the FHLBank System at...
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Statement from Director Sandra L. Thompson on Diana Reid’s Appointment as CEO of the Federal Home Loan Mortgage Corporation (Freddie Mac)
FHFA Director Sandra L. Thompson issued the following statement on the Federal Home Loan Mortgage Corporation’s appointment of Diana Reid as its Chief Executive Officer: “I am delighted that Freddie Mac has selected Diana Reid as its next CEO. Diana brings with her decades of experience in mortgage...
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Statement of Director Sandra L. Thompson on Tenant Protections at Enterprise-Backed Multifamily Properties
Fannie Mae and Freddie Mac’s (the Enterprises) announcements today of new multifamily tenant protections mark an important milestone by increasing transparency and improving communication between housing providers and tenants. These announcements provide additional details on how the Enterprises...
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Statement of Director Sandra L. Thompson on the Conditional Approval of the Freddie Mac Second Mortgage Proposal
In April, the Federal Housing Finance Agency (FHFA) published a notice of a proposed new product from Freddie Mac to purchase certain single-family closed-end second mortgages. This notice represented the first time a proposed new product from Freddie Mac or Fannie Mae (the Enterprises) was...
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Statement of Director Sandra L. Thompson on the FSOC Nonbank Mortgage Servicing Report
I commend the Financial Stability Oversight Council (FSOC) for the publication of its report on nonbank mortgage servicing. This report advances the work of federal and state agencies with oversight responsibility of the mortgage market, identifies vulnerabilities specific to nonbank mortgage...
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Statement of Director Sandra L. Thompson on Incentive-Based Compensation Joint Release
I strongly believe that robust risk management with respect to compensation practices is critical to promoting the safety and soundness of FHFA's regulated entities. For that reason, FHFA has joined the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency...
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Director Sandra Thompson's Statement on Title Acceptance Pilot
For many aspiring and current homeowners, closing costs represent a substantial affordability barrier to purchasing or refinancing a home. The Federal Housing Finance Agency (FHFA) continues to focus on ways Fannie Mae and Freddie Mac (the Enterprises) can responsibly reduce closing costs for...
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Director Sandra L. Thompson Statement on Fannie Mae Leadership Changes
Dave Benson and Jeff Hayward have each brought an enormous amount of leadership and technical expertise to Fannie Mae in their decades of service. Their many contributions have positioned Fannie Mae to excel in serving its mission of providing affordable and sustainable housing to creditworthy...
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Director Sandra L. Thompson Statement on Departure of Freddie Mac CEO Michael DeVito
Michael DeVito has brought more than 30 years of experience and leadership in mortgage finance to Freddie Mac. I am grateful for his commitment and dedication which has put the company in a stronger financial position while still providing broad access to credit for all creditworthy borrowers...
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Federal Housing Agencies Issue Reminder of Mortgage Assistance for Those Impacted by the Maui Wildfires
Washington, D.C. – Today, Federal Housing Agencies - Government National Mortgage Association (Ginnie Mae), Federal Housing Administration (FHA), Federal Housing Finance Agency (FHFA), United States Department of Agriculture (USDA), and United States Department of Veterans Affairs (Veterans Affairs)...