FHFA Realigns Management Structure

Jan 30, 2020

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.

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Phil Hall

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Jan 30, 2020

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