Today, the Federal Housing Finance Agency (FHFA) announced a realignment that will further bolster FHFA’s capacity as a world-class regulator of Fannie Mae and Freddie Mac (the Enterprises) and the Federal Home Loan Banks. The realignment of its structure is designed to ensure that the Agency is well-positioned for the Enterprises to responsibly exit conservatorship.
“The changes we are implementing today will solidify FHFA as a world-class regulator,” said FHFA Director Mark Calabria. “The revised structure and appointments of highly qualified senior leaders will ensure that FHFA continues to protect taxpayers from future bailouts and deliver on our obligation to create a competitive, liquid, efficient and resilient housing finance market.”
Realignment actions include:
- Establishing three new units that report directly to the Director: The Division of Research and Statistics (DRS) headed by Deputy Director Lynn Fisher, the Division of Accounting and Financial Standards (DAFS) headed by Deputy Director Nina Nichols, and the Office of Equal Opportunity and Fairness (OEOF);
- Hiring a new Deputy Director, Paul Miller, and Associate Director, Scott Valentin, for the Division of Enterprise Regulation (DER);
- Elevating four key positions:
- In the Office of General Counsel, Christopher Curtis will be Principal Deputy General Counsel, and Sean Dent will be Senior Deputy General Counsel;
- In DRS, Anju Vajja will be Senior Associate Director for Policy Research; and
- In the Office of Minority and Women Inclusion, Paul Priest will be Associate Director for Diversity and Inclusion and Administration;
- Renaming the Division of Conservatorship (DOC) to the Division of Resolutions (DOR); and
- Recruiting an OEOF Director, a Chief Economist, a Senior Associate Director for Data, and a Chief Operating Officer.