Biden Taps Sandra Thompson to Lead Fannie-Freddie Regulator

President Joe Biden plans to nominate Sandra Thompson, the career government official who’s leading the Federal Housing Finance Agency on an acting basis, to run Fannie Mae and Freddie Mac’s regulator permanently, signaling the White House may take a cautious approach to the mortgage giants.

The Biden administration announced its FHFA pick in a statement Tuesday. Thompson has been the housing regulator’s temporary head since June when Biden ousted her predecessor, a Trump appointee.

Sandra Thompson

Source: Federal Housing Finance Agency

The FHFA director has considerable sway over the $12 trillion market for home loans by serving as Fannie and Freddie’s top watchdog. Fannie and ...