Biden Ousts Fannie-Freddie Regulator After Supreme Court Ruling

President Joe Biden ousted Fannie Mae and Freddie Mac’s regulator Wednesday, replacing the Trump administration appointee on an acting basis with a long-term Federal Housing Finance Agency senior official.

The U.S. Supreme Court opened the door for Biden to remove FHFA Director Mark Calabria with a ruling that gave the president clear authority to fire the housing regulator. The White House replaced him with Sandra Thompson, who has been deputy director of the agency’s division of housing mission and goals since 2013, according to an FHFA statement released late Wednesday.

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