{"id":10864,"date":"2025-01-17T10:56:29","date_gmt":"2025-01-17T15:56:29","guid":{"rendered":"https:\/\/nationalfairhousing.org\/?p=10864"},"modified":"2025-01-19T14:31:00","modified_gmt":"2025-01-19T19:31:00","slug":"the-national-fair-housing-alliance-commends-director-thompsons-tremendous-leadership-of-fhfa","status":"publish","type":"post","link":"https:\/\/nationalfairhousing.org\/the-national-fair-housing-alliance-commends-director-thompsons-tremendous-leadership-of-fhfa\/","title":{"rendered":"The National Fair Housing Alliance Commends Director Thompson\u2019s Tremendous Leadership of\u00a0FHFA\u00a0"},"content":{"rendered":"\n<p class=\"content-wrap-item post__paragraph\"><\/p>\n\n\n\n<p class=\"content-wrap-item post__paragraph\"><\/p>\n\n\n\n<p class=\"content-wrap-item post__paragraph\"><strong>FOR IMMEDIATE RELEASE&nbsp;<\/strong><\/p>\n\n\n\n<p class=\"content-wrap-item post__paragraph\">January 15, 2025<\/p>\n\n\n\n<p class=\"content-wrap-item post__paragraph\"><strong>Media Contact:<\/strong> <a href=\"mailto:NFHA@skdknick.com\">NFHA@skdknick.com<\/a><\/p>\n\n\n\n<p class=\"content-wrap-item post__paragraph\"><\/p>\n\n\n\n<p class=\"content-wrap-item post__paragraph has-text-align-center\"><strong>The National Fair Housing Alliance Commends Director Thompson\u2019s Tremendous Leadership of&nbsp;FHFA&nbsp;<\/strong><\/p>\n\n\n\n<p class=\"content-wrap-item post__paragraph\">Washington, D.C. \u2013&nbsp; Today, <strong>Lisa Rice, President and CEO of the National Fair Housing Alliance\u00ae (NFHA\u2122<\/strong><strong>)<\/strong>, released the following statement commending&nbsp;Federal Housing Finance Agency (FHFA) Director, Sandra L. Thompson for her unwavering commitment to ensuring fairness is a critical component of the agency\u2019s responsibilities:<\/p>\n\n\n\n<p class=\"content-wrap-item post__paragraph\">\u201cUnder her historic tenure as the first Black woman to lead FHFA, Director Thompson has ensured our mortgage market\u2019s safety and strength while also advancing equitable access to credit and homeownership opportunities, particularly for people of color, low- and moderate-income households, rural areas, and other underserved communities.&nbsp;As a result, hundreds of thousands of underserved people, who worked hard to achieve the American Dream, were able to obtain a safe, affordable, high-performing mortgage loan to become homeowners and help secure their families\u2019 futures.<\/p>\n\n\n\n<p class=\"content-wrap-item post__paragraph\">Director Thompson guided the agency in implementing a number of firsts, including entering a first-of-its-kind Memorandum of Understanding on Fair Housing and Lending with the Department of Housing and Urban Development to advance fair housing and fair lending oversight and enforcement, and requiring Freddie Mac and Fannie Mae to develop Equitable Housing Finance Plans to identify and address barriers to fair and sustainable housing opportunities. Director Thompson elevated the Division of Public Interest Examination to its rightful place as a senior office on par with FHFA\u2019s safety and soundness division recognizing that fairness is an integral component of safety and soundness. She also eliminated the Adverse Market Refinance Fee to help families take advantage of low-interest rates and reduce their housing costs. Additionally, Director Thompson led the FHFA and Government Sponsored Enterprises (GSEs) in conducting comprehensive research to make much-needed data-driven updates to the GSEs\u2019 <a href=\"https:\/\/nationalfairhousing.org\/the-national-fair-housing-alliance-applauds-the-federal-housing-finance-agencys-new-policies-to-promote-equitable-lending\/#:~:text=Also%2C%20FHFA%20announced%20targeted%20changes%20to%20the,fees%20%E2%80%94%20known%20as%20Loan%20Level%20Pricing\">credit scoring<\/a> and <a href=\"https:\/\/nationalfairhousing.org\/leading-civil-rights-and-housing-groups-support-fhfas-critical-updates-to-the-mortgage-pricing-framework\/\">pricing framework<\/a>.&nbsp; &nbsp;<\/p>\n\n\n\n<p class=\"content-wrap-item post__paragraph\">Director Thompson has been a bold and visionary leader pursuing every effort to ensure our nation\u2019s housing and lending institutions work for all people and communities. It is my sincere hope that her successor will build on her great work to help fulfill the GSEs\u2019 <a href=\"https:\/\/www.fanniemae.com\/sites\/g\/files\/koqyhd191\/files\/migrated-files\/resources\/file\/aboutus\/pdf\/fm-amended-charter.pdf\">Congressionally mandated obligation<\/a> to provide assistance and credit liquidity for low- and moderate-income families as well as \u201ccentral cities, rural areas, and underserved areas.\u201d<\/p>\n\n\n\n<p class=\"content-wrap-item post__paragraph\"><strong>Nikitra Bailey, Executive Vice President, of the National Fair Housing Alliance\u00ae (NFHA\u2122), said&nbsp;the following:<\/strong><\/p>\n\n\n\n<p class=\"content-wrap-item post__paragraph\">\u201cToday, we honor Director Sandra L. Thompson\u2019s distinguished and trailblazing tenure as Director of the Federal Housing Finance Agency (FHFA). Director Thompson has been an exemplary leader of the agency, drawing on more than four decades of experience as a civil servant and lifelong commitment to ensuring markets are safe, accessible, and fair.\u00a0<\/p>\n\n\n\n<p class=\"content-wrap-item post__paragraph\">As FHFA Director, Ms. Thompson led the agency that oversees Fannie Mae, Freddie Mac, and the Federal Home Loan Banks (GSEs) and their roles in the <a>$12 trillion<\/a> mortgage market, working tirelessly to ensure the GSEs meet their public interest missions, provide support and liquidity for Special Purpose Credit Programs, address appraisal bias, and eliminate longstanding barriers to affordable and quality credit.&nbsp;These actions contributed to growth of Black and Latino homeownership by 13 percent and 7.5 percent, respectively, and declines in homeownership gaps between Black and Latino communities with White communities. In fact, these policies contributed to Black homeownership growing for the first time since the Great Recession\u2019s unnecessary foreclosures and loss of billions of dollars in family wealth.<\/p>\n\n\n\n<p class=\"content-wrap-item post__paragraph\">FHFA under Director Thompson\u2019s guidance played a pivotal role in ensuring the stability, affordability, and accessibility of the U.S. housing market. We enthusiastically thank Director Thompson for her years of public service and unwavering commitment to upholding the mission of the agency to foster equitable and sustainable access to homeownership and rental housing and ensuring our nation\u2019s housing policies promote opportunity for all.\u201d<\/p>\n\n\n\n<p class=\"content-wrap-item post__paragraph\"><\/p>\n\n\n\n<p class=\"content-wrap-item post__paragraph\"><strong>About the National Fair Housing Alliance<\/strong><\/p>\n\n\n\n<p class=\"content-wrap-item post__paragraph\">The National Fair Housing Alliance (NFHA) is the country\u2019s only national civil rights organization dedicated solely to eliminating all forms of housing and lending discrimination and ensuring equal opportunities for all people. As the trade association for over 170 fair housing and justice-centered organizations and individuals throughout the U.S. and its territories, NFHA works to dismantle longstanding barriers to equity and build diverse, inclusive, well-resourced communities.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>FOR IMMEDIATE RELEASE&nbsp; January 15, 2025 Media Contact: NFHA@skdknick.com The National Fair Housing Alliance Commends Director Thompson\u2019s Tremendous Leadership of&nbsp;FHFA&nbsp; Washington, D.C. \u2013&nbsp; Today, Lisa Rice, President and CEO of the National Fair Housing Alliance\u00ae (NFHA\u2122), released the following statement commending&nbsp;Federal Housing Finance Agency (FHFA) Director, Sandra L. Thompson for her unwavering commitment to ensuring [&hellip;]<\/p>\n","protected":false},"author":433,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-10864","post","type-post","status-publish","format-standard","hentry","category-press-releases"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The National Fair Housing Alliance Commends Director Thompson\u2019s Tremendous Leadership of\u00a0FHFA\u00a0 - NFHA<\/title>\n<meta name=\"description\" content=\"FOR IMMEDIATE RELEASE&nbsp; January 15, 2025 Media Contact: NFHA@skdknick.com The National Fair Housing Alliance Commends Director Thompson\u2019s Tremendous Leadership of&nbsp;FHFA&nbsp; Washington, D.C. \u2013&nbsp; Today, Lisa Rice, President and CEO of the National Fair Housing Alliance\u00ae (NFHA\u2122), released the following statement commending&nbsp;Federal Housing Finance Agency (FHFA) Director, Sandra L. 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