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Leadership & Organization


Joseph Otting portrait

  Acting Director Joseph M. Otting

Joseph M. Otting was designated as Acting Director of the Federal Housing Finance Agency (FHFA) by President Trump in January 2019.  Since November 27, 2017 he has also served as the 31st Comptroller of the Currency.

Prior to his government service, Mr. Otting was an executive in the banking industry. He served as President of CIT Bank and Co-President of CIT Group. 

Mr. Otting previously was President, Chief Executive Officer, and a member of the Board of Directors of OneWest Bank, N.A. Before joining OneWest Bank, he served as Vice Chairman of U.S. Bancorp, where he managed the Commercial Banking Group and served on the Bancorp’s executive management committee. He also served as a member of U.S. Bank’s main subsidiary banks’ Board of Directors.

From 1986 to 2001, Mr. Otting was with Union Bank of California, where he was Executive Vice President and Group Head of Commercial Banking. Before joining Union Bank, he was with Bank of America and held positions in branch management, preferred banking, and commercial lending.

Mr. Otting has played significant roles in charitable and community development organizations. He has served as a board member for the California Chamber of Commerce, the Killebrew-Thompson Memorial foundation, the Associated Oregon Industries, the Oregon Business Council, the Portland Business Alliance, the Minnesota Chamber of Commerce, and Blue Cross Blue Shield of Oregon. He was also a member of the Financial Services Roundtable, the Los Angeles Chamber of Commerce, and the Board and Executive Committee of the Los Angeles Economic Development Corporation.

Mr. Otting holds a bachelor of arts in management from the University of Northern Iowa and is a graduate of the School of Credit and Financial Management, Dartmouth College in Hanover, New Hampshire.

High Resolution Photo of Acting Director Otting [JPG]

Page last updated:  1/7/2019

FHFA Organizational Structure



FHFA Key Senior Staff


Laura Wertheimer

Office of Inspector General (OIG) 

Laura S. Wertheimer, Inspector General

Laura S. Wertheimer was confirmed as Inspector General for the Federal Housing Finance Agency (FHFA) by the U.S. Senate on September 17, 2015, and was sworn in as FHFA's second Inspector General shortly thereafter. As Inspector General, Ms. Wertheimer is the senior official responsible for independent audits, evaluations, investigations, and other law enforcement efforts to detect and deter waste, fraud, abuse, and misconduct within or affecting the programs and operations of FHFA. Oversight by FHFA’s Office of Inspector General (OIG) includes FHFA’s regulation of Fannie Mae, Freddie Mac, and the Federal Home Loan Banks. Ms. Wertheimer heads an independent organization of more than 140 professionals who are dedicated to promoting economy, efficiency, and effectiveness in all FHFA programs. Link to Bio         

OIG is responsible for conducting independent objective audits, evaluations, investigations, surveys, and risk assessments of FHFA’s programs and operations. OIG informs the Director, Congress, and the public of any problems or deficiencies relating to programs and operations. OIG activities assist FHFA staff and program participants by ensuring the effectiveness, efficiency, and integrity of FHFA’s programs and operations.   


Bob Ryan Office of the Director

Bob Ryan, Special Advisor 

Ryan currently serves as Special Advisor to Acting Director Joseph Otting on strategic and policy matters pertaining to the Agency and regulated entities. Ryan joined FHFA in January of 2014.  From July of 2015 through September 2018 he served as Special Advisor to the Director and was also the Acting Deputy Director for the Division of Conservatorship. Link to Bio           





Roscoe Office of the Director  

John Roscoe, Chief of Staff 

John Roscoe joined FHFA in February 2019.  He serves as Chief of Staff to Acting Director Otting. Link to Bio          






Bao Nguyen Office of the Director  

Bao Nguyen, Special Advisor 

Nguyen provides expert policy advice and serves as senior advisor to the Acting Director on all matters. In addition, Nguyen currently serves as the Principal Deputy Chief Counsel and chief operating officer of the Office of the Comptroller of the Currency’s (OCC) Law Department, where he also served as the Acting Senior Deputy Comptroller and Chief Counsel from August through December 2018. Link to Bio           


Lawrence Stauffer

Office of the Chief Operating Officer (OCOO)

Lawrence Stauffer, Acting Chief Operating Officer

Stauffer is responsible for managing the Agency’s operations and oversees FHFA’s administrative and support services, including budget and finance, communications, congressional affairs, human resources, information technology and quality assurance. Link to Bio  

OCOO oversees the agency’s day-to-day operations that include facilities management, contingency planning, continuity of operations, financial and strategic planning and budgeting, contracting, hiring and human resources management, information technology, quality assurance, internal and external communications, and coordination with the FHFA Office of Inspector General. The office leads reporting on strategic planning and accountability, and develops recommendations for long-term improvements in agency operations.           



Nina Nichols

Division of Enterprise Regulation (DER)

Nina Nichols, Deputy Director

Nichols is responsible for a variety of activities related to supervision of Fannie Mae and Freddie Mac (the Enterprises) and ensuring their safe and sound operation. Link to Bio         
DER employees provide management oversight, direction, and support for all examination activity involving the Enterprises, the development of supervision findings, and preparation of the annual reports of examination. The division monitors and assesses the financial condition and performance of the Enterprises and their compliance with regulations through annual on-site examinations and periodic visits. An examiner-in-charge leads examination activity at each Enterprise.



Andre Galeano

Division of Bank Regulation (DBR)

Andre D. Galeano, Deputy Director

In his role, Galeano oversees the regulation and supervision of the Federal Home Loan Banks.
Link to Bio              

DBR is responsible for supervising the FHLBanks and the Office of Finance to ensure their safe and sound operation. The division oversees and directs all FHLBank examination activities, develops examination findings, and prepares annual examination reports. The division monitors and assesses the financial condition and performance of the FHLBanks and the Office of Finance and tests their compliance with laws and regulations through annual on-site examinations, periodic visits, and off-site monitoring and analysis. DBR also conducts Affordable Housing Program (AHP) on-site examinations and visits at each FHLBank annually to ensure compliance with program regulations and to evaluate the effectiveness of each FHLBank’s AHP program.

Sandra Thompson

Division of Housing Mission and Goals (DHMG)   

Sandra Thompson, Deputy Director

As head of DHMG, Thompson oversees FHFA's research activities, policy development and analysis, the mission and goals of Fannie Mae and Freddie Mac, and the housing finance and community and economic development mission of the Federal Home Loan Banks. Link to Bio  

DHMG is responsible for FHFA policy development and analysis, oversight of housing and regulatory policy, oversight of the mission and goals of the Enterprises, and the housing finance and community and economic development mission of the FHLBanks. In support of FHFA’s mission and the Director’s responsibilities as a member of the Federal Housing Finance Oversight Board, the Financial Stability Oversight Board, and the Financial Stability Oversight Council, Thompson also oversees and coordinates FHFA activities including data analyses, market surveillance, systemic risk monitoring, and analysis affecting housing finance and financial markets.


Robert Fishman

Division of Conservatorship (DOC)

Robert Fishman, Deputy Director                                         

As head of DOC, Fishman is responsible for leading, coordinating and clarifying, as needed, FHFA and Enterprise (Fannie Mae and Freddie Mac) activities related to the conservatorship. He also oversees FHFA’s Strategic Plan for the Enterprise Conservatorship. Link to Bio                                          

DOC assists the FHFA Director in carrying out the responsibilities as Conservator. These responsibilities include taking the actions necessary to put the Enterprises in a sound and solvent condition, ensuring they carry out their mission, verifying they meet FHFA's Strategic Plan for the Conservatorships including the annual Scorecards, and preserving and conserving their assets, while reorganizing, rehabilitating, and prioritizing their affairs as necessary.  DOC facilitates communications between the Enterprises and the Conservator to ensure the prompt identification of emerging issues and their timely resolution.


Office of Minority and Women Inclusion (OMWI)  

Sharron P.A. Levine, Director

As leader of OMWI, Levine ensures that minorities, women, service-disabled veterans, and individuals with disabilities are fully included in any and all job and business opportunities at FHFA and the regulated entities – Fannie Mae, Freddie Mac, the eleven Federal Home Loan Banks, and the Office of Finance. Link to Bio                       
OMWI is responsible for all matters of the Agency relating to diversity in management, employment, and business activities. OMWI sets Agency standards for increased participation of minority- and women-owned businesses in Agency programs and contracts, including standards for coordinating technical assistance to such businesses and evaluating the good faith efforts of Agency contractors and subcontractors. OMWI is also responsible for developing internal Equal Employment Opportunity (EEO) standards that address the racial, ethnic, and gender diversity of the Agency's workforce and ensures that FHFA is compliant with EEO laws and regulations.  In addition, OMWI oversees and directs all diversity and inclusion examination activities of all of the Agency's regulated entities and prepares annual conclusion memoranda for each. OMWI monitors and assesses their compliance with diversity and inclusion laws and regulations through annual on-site examinations of the FHLBanks and, while in conservatorship, continuous supervision of the Enterprises, and off-site monitoring and analysis.

Office of General Counsel (OGC)

Alfred M. Pollard, General Counsel 

Pollard supervises all of OGC's work, which includes regulatory matters affecting the housing government-sponsored enterprises and the Federal Home Loan Banks, in-house legal issues and relationships with other government agencies and the Administration. Link to Bio

OGC advises and supports the Director and FHFA staff on legal matters related to the functions, activities, and operations of FHFA and the regulated entities. It supports supervision functions, regulations writing, housing mission policy initiatives, and enforcement actions. The office oversees the bringing or defense of litigation. The office also manages the Freedom of Information Act and Privacy Act programs. The ethics official advises, counsels and trains FHFA employees on ethical standards and conflicts of interest, and manages the agency’s financial disclosure program.                  




The Office of Ombudsman is responsible for considering complaints and appeals from any appeals from any regulated entity, the Office of Finance, or any person who has a business relationship with a regulatory entity or the Office of Finance concerning any matter relating to FHFA's regulation and supervision. Created by regulation under HERA, the office commenced operation in March 2011.


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