Commercial Real Estate Finance Council Congratulates Sandra Thompson on Her Confirmation as Director of FHFA
NEW YORK, May 27, 2022 /PRNewswire/ — The Commercial Real Estate Finance Council (CREFC) congratulates Sandra Thompson on his confirmation on May 25, 2022, as director of the Federal Housing Finance Agency (FHFA). The U.S. Senate confirmed Thompson for a five-year term in a 49-46 bipartisan vote. Thompson had served as acting director for June 2021and President Biden named her in December 2021 to permanently run the agency, which was established in 2008 to oversee Fannie Mae, Freddie Mac and the Federal Home Loan Bank System.
Director Thompson has over four decades of government experience in federal financial institution regulation, risk management and consumer protection, with a particular focus on the primary and secondary mortgage markets. Thompson’s confirmation comes at an important crossroads in the nation’s housing market as the country emerges from the pandemic and issues of housing availability and affordability come to the fore.
CREFC and its members are focused on promoting liquidity, transparency and efficiency in the commercial and multifamily real estate financing markets. As such, we look forward to continuing to work with Director Thompson and her staff to ensure the continued flow of capital and liquidity to the multifamily segment of the housing market and to meet the President Biden’s recently announced plan aimed at reducing housing costs.
The CRE Finance Council (CREFC) is the trade association for the commercial real estate finance industry with member firms comprising balance sheet and securitized lenders, loan and bond investors, private equity firms, services and rating agencies, among others. CREFC promotes liquidity, transparency and efficiency in the commercial real estate finance markets and acts as the legislative and regulatory advocate for the industry, playing a critical role in setting market standards and best practices. and in the training of market players.
SOURCE CRE Finance Council