Skip to main content

FHFA Realigns Management Structure

Phil Hall
Jan 30, 2020
Photo credit: Getty Images/krblokhin

The Federal Housing Finance Agency (FHFA) has announced a realignment of its structure, with the creation of new units and executive personnel changes designed to prepare the regulatory agency to operate more efficiently after the government-sponsored enterprises (GSEs) are released from federal 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.”
 
The FHFA will create 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, headed by Deputy Director Nina Nichols; and
►The Office of Equal Opportunity and Fairness (OEOF).
 
The Division of Conservatorship is being renamed the Division of Resolutions.
 
The agency has also hired two new officers to run the Division of Enterprise Regulation: Paul Miller as Deputy Director and Scott Valentin as Associate Director. Other personnel changes include Christopher Curtis as Principal Deputy General Counsel and Sean Dent as Senior Deputy General Counsel in the Office of General Counsel, Anju Vajja as DRS’ Senior Associate Director for Policy Research; and Paul Priest as Associate Director for Diversity and Inclusion and Administration in the Office of Minority and Women Inclusion.
 
The realignment process will also include the hiring of officers to fill vacancies including an OEOF Director, a Chief Economist, a Senior Associate Director for Data and a Chief Operating Officer.
 
President Donald Trump signed a Presidential Memorandum to revamp the GSE structure on March 27. 

 
Published
Jan 30, 2020
Crime Stories From The Trenches

Bad brokers, renegade Realtors, treacherous title agents. It’s getting tough out there.

Regulation and Compliance
Oct 26, 2021
Feds Reviewing Appraisal Standards, Qualifications

Appraisal Subcommittee said requirements are being reviewed to determine whether they ensure and promote fairness, equity, objectivity, and diversity, in both appraisals and in the training and credentialing of appraisers.

Regulation and Compliance
Oct 20, 2021
​​​​​​​FHFA OK's Desktop Appraisals, Expands Refi Criteria

The Federal Housing Finance Agency (FHFA) said Monday it will take two steps to help make home ownership more affordable and sustainable for mortgage borrowers, especially for those in underserved communities. 

Regulation and Compliance
Oct 19, 2021
CFPB Names 4 To Key Senior Positions

The appointees include two who helped create the bureau and two who served on the CFPB staff during the Obama administration.

Regulation and Compliance
Oct 14, 2021
FHFA Raises Enterprises' Multifamily Loan Purchase Caps

The Federal Housing Finance Agency (FHFA) said the 2022 multifamily loan purchase caps will be $78 billion for each Enterprise, for a combined total of $156 billion to support the multifamily market.

Regulation and Compliance
Oct 13, 2021
CFPB Hits AAG With Complaint For Deceptive Marketing Of Reverse Mortgages

The Consumer Financial Protection Bureau filed a complaint and proposed consent order, which alleges that American Advisors Group (AAG) used inflated and deceptive home estimates to attract reverse mortgage consumers.

Regulation and Compliance
Oct 12, 2021