BUSINESS NEWS

Biden to Nominate Sandra Thompson to Lead Fannie and Freddie’s Overseer



WASHINGTON—President Biden plans to nominate Sandra Thompson to become the permanent director of the Federal Housing Finance Agency, the White House said, tapping a career regulator to head the agency responsible for overseeing mortgage-finance giants Fannie Mae and Freddie Mac.

If confirmed by the Senate, Ms. Thompson would succeed Mark Calabria, a Trump-era official Mr. Biden replaced in June, for a five-year term. While Ms. Thompson’s selection is unlikely to generate much industry opposition, she might encounter pushback from a few Republican lawmakers opposed to her decision to ease restrictions on Fannie and Freddie’s business activities that were implemented in the final days of the Trump administration.



Source link

Leave a Reply

Your email address will not be published.

close