Sandra Thompson, the acting FHFA director, said Fannie and Freddie have responsibilities beyond the narrow affordable housing goals to ensure access to credit for borrowers in all parts of the country.
Critics say FHFA’s proposed changes to the enterprise regulatory capital framework are a move in the right direction, but the agency still hasn’t addressed the procyclicality of the rule or explained how the new provisions were calculated.
Brian Tomney, Biden’s choice to head the FHFA-OIG, had an unexpectedly smooth ride through the confirmation hearing before the Senate Banking Committee.