December 14, 2021

Brown Statement on the Selection of Sandra Thompson to Lead FHFA

Today, U.S. Sen. Sherrod Brown (D-OH), Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, released the following statement after President Biden announced the nomination of Ms. Sandra Thompson to lead the Federal Housing Finance Agency (FHFA). If confirmed, Thompson would be the first African American woman to serve as Director of FHFA.

“I commend the Biden Administration for nominating Sandra Thompson to lead FHFA,” said Brown. “She has a distinguished career as a regulator and supervisor, first of our nation’s banks, and more recently of the GSEs. While leading the Federal Housing Finance Agency as Acting Director, Ms. Thompson has refocused regulation of the GSEs on ensuring that they fulfill their mission to provide safe, sustainable access to housing across the country. I look forward to holding her nomination hearing soon and encourage my colleagues to support her nomination.”

Brown recently praised FHFA Acting Director Sandra Thompson for actions the agency took to lower refinancing costs for homeowners.