The FHFA was created by the Housing and Economic Recovery Act of 2008 to oversee Fannie Mae, Freddie Mac and the Federal Home Loan Bank System and is responsible for overseeing the $ 7.2 trillion mortgage finance market. Earlier this year, President Biden appointed Sandra L. Thompson interim director of the FHFA.
Thompson has over four decades of government experience in financial regulation, risk management and consumer protection. She has been Deputy Director of the Agency’s Housing Mission and Goals (DHMG) Division since 2013. As Deputy Director of DHMG, Thompson oversaw the FHFA’s Housing and Regulatory Policy, Policy capital, financial analysis, equity loans and all mission activities for Fannie. Mae, Freddie Mac and the Federal Home Loan Banks. Prior to joining the FHFA, Thompson worked for the Federal Deposit Insurance Corporation (FDIC) for over 23 years in various leadership roles, most recently as Director of the Risk Management Oversight Division. While at the FDIC, Thompson led the Agency’s review and enforcement program for Risk Management and Consumer Protection during the height of the financial crisis. She also led the FDIC’s outreach initiatives in response to a crisis of consumer confidence in the banking system.
Thompson is a native of Chicago, a graduate of Howard University, and has two grown sons.