03 Feb FHFA: Realignment of Agency Structure
January 30, 2020
Washington, D.C. – 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);
•Elevating four key positions:
• 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.
Media: Raffi Williams (202) 649-3544 / Stefanie Johnson (202) 649-3030