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Leadership & Organization


Sandra Thompson portrait



 


Sandra L. Thompson | FHFA Acting Director

On June 23, 2021, the White House appointed Sandra L. ​Thompson as the Acting Director of the Federal Housing Finance Agency (FHFA). 

Before being named FHFA Acting Director, Thompson serv​ed as Deputy Director of the Division of Housing Mission and Goals (DHMG). Since March 2013, as the DHMG Deputy Director, Thompson oversaw FHFA’s housing and regulatory policy, capital policy, financial analysis, fair lending and all mission activities for Fannie Mae, Freddie Mac and the Federal Home Loan Banks.

Prior to joining FHFA, Thompson worked at the Federal Deposit Insurance Corporation (FDIC), for more than 23 years in a variety of leadership positions, most recently as Director, Division of Risk Management Supervision. During her time at FDIC, Thompson led the Agency’s examination and enforcement program for risk management and consumer protection at the height of the financial crisis. She also led the FDIC’s outreach initiatives in response to a crisis of consumer confidence in the banking system. Her experiences range from supervision to consumer protection, risk management and consumer outreach activities. Thompson is a graduate of Howard University in Washington, D.C.


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Office of the Director​


The Office of the Director ensures that Fannie Mae, Freddie Mac, and the Federal Home Loan Banks operate in a safe and sound manner so that they se​rve as a reliable source of liquidity and funding for housing finance and community investment. Within the Office of the Director is the Office of Congressional Affairs and Communications, which coordinates contact and communication with members of the public, the media, Congress, stakeholders, government agencies, and other external organizations.​

​Key Senior Staff​

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 Daniel E. Coates

 Senior Advisor



 

​​​Danielle Walton

Acting Chief of Staff




​​Division of Accounting and Financial Standards (DAFS)​

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​Division of Accounting and Financial Standards (DAFS) led by Deputy Director Nina Nichols provides advisory support to DER, includes several cross-Agency functions including the Office of the Chief Accountant (OCA) and the Office of the Ombudsman. The division oversees accounting policy, identifies financial institution trends, and best practices. DAFS also assists with Federal Housing Finance Oversight Board responsibilities. OCA is FHFA’s authoritative resource for accounting, auditing, financial reporting, financial disclosure, and governance matters. 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.​​


Division of Bank Regulation (DBR) 

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​Division of Bank Regulation (DBR) led by Deputy Director Andre D. Galeano 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.​



Division of Enterprise Regulation (DER)​


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Division of Enterprise Regulation (DER) led by Deputy Director Paul Miller​ provides 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.  Examination teams will expand further as DER continues to build towards a post-conservatorship future.​


Division of Housing Mission and Goals (DHMG)

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Division of Housing Mission and Goals (DHMG) led by Acting Deputy Director Naa Awaa Tagoe 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, Tagoe also oversees and coordinates FHFA activities including data analyses, market surveillance, systemic risk monitoring, and analysis affecting housing finance and financial markets.

                 


Division of Research and Statistics (DRS)​


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Economics, research, and data analytics are core elements of effective regulatory policy, supervision, and oversight. Division of Research and Statistics (DRS) led by Deputy Director Lynn Fisher, PhD. includes the Office of Policy Analysis and Research and the National Mortgage Database. The Division acts as a research and data service center for other Divisions/Offices engaged in policy development, oversight, supervision, and rulemaking. It also sources, integrates, manages, and governs public and private data for use throughout the Agency. DRS includes three main departments: academic and industry research led by a Chief Economist; policy research led by a Senior Associate Director for Policy Research; and data and statistics led by a Senior Associate Director for Data.


 

Division of Resolutions (DOR)​


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Division of Resolutions (DOR) led by Deputy Director Jason Cave 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. DOR works to address troubled entities in a safe, efficient, and stabilizing manner, particularly if an economic downturn emerges. Longer-term, DOR work includes developing living wills and other contingency plans for resolving FHFA regulated entities in the event of distress and failure, among other resolution responsibilities.​


Office of the Chief Operating Officer (OCOO)​


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Office of the Chief Operating Officer (OCOO) led by Acting Chief Operating Officer Katrina D. Jones 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, 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.





Office of Equal Opportunity and Fairness (OEOF)


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Office of Equal Opportunity and Fairness (OEOF) led by Deputy Director Debra Chew serves as a focal point for creating and maintaining equity and fairness for all FHFA employees. OEOF ensures the existence of an equitable and civil workplace, grounded in the dignity and respect for each of our employees. OEOF advocates for a model Equal Employment Opportunity (EEO) program while remaining proactive and impartial in its administration of the federal EEO Complaints Process and the Harassment Prevention Program. OEOF sponsors learning programs to educate employees on their rights and responsibilities under the civil rights laws. OEOF also develops tools and methodologies to better inform the workforce about addressing workplace conflict and seeking alternative dispute resolution.


 
                 
Office of General Counsel (OGC)

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Office of General Counsel (OGC) led by General Counsel Clinton Jones 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.



              
              

Office of Minority and Women Inclusion (OMWI) 

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Office of Minority and Women Inclusion (OMWI) led by Director Sharron P. Levine 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.

           

FHFA Office of Inspector General

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FHFA's Office of Inspector General (OIG) is responsible for conducting independent objective audits, evaluations, investigations, surveys, and risk assessments of FHFA's programs and operations. OIG informs the FHFA 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. FHFA's Inspector General 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 OIG includes FHFA's regulation of Fannie Mae, Freddie Mac, and the Federal Home Loan Banks. FHFA's current Acting Inspector General is Phyllis K. Fong​. Ms. Fong was appointed on July 30, 2021. While serving as Acting Inspector General for FHFA she will continue to serve as the IG for the U.S. Department of Agriculture. 

Page last updated August 5, 2021​​​​​​​​​​​​​​​​​​​​​​​

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