Layton said there's still work to be done at Freddie Mac...

Patenaude is the daughter of Pam Patenaude, who stepped down as deputy secretary of HUD earlier this year.

Bucking national trends, the percentage of women employees at the FHFA has been declining since 2014. Minorities continue to see incremental advances in representation in the workforce.

The 11 Federal Home Loan Banks' combined net income in the first quarter increased slightly to $900 million. FHLBank San Francisco led the way.

Fannie and Freddie continued to meet FHFA's strategic goals: maintaining credit access, preventing foreclosures, reducing taxpayer risks and building securitization infrastructure.