A deep dive on the Supreme Court’s FHFA ruling
June 28, 2021
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Today’s HousingWire Daily episode features an interview with HousingWire Senior Mortgage Reporter Georgia Kromrei. In this episode, Kromrei joins Housingwire Junior Digital Producer Victoria Jones to discuss the recent Supreme Court decision that found the structure of the Federal Housing Finance Agency (FHFA) unconstitutional and examines what the removal and replacement of former FHFA Director Mark Calabria could mean for the mortgage industry.
Additionally, she also shares some insight on the FHFA’s new acting director, Sandra Thompson, and the Biden administration’s long-term plan for the FHFA and GSEs.
For some background on the interview, here’s a brief summary of HousingWire’s coverage on the Supreme Court’s decision to remove Calabria:
After a Supreme Court ruling paved the way for the Biden administration to fire Federal Housing Finance Agency (FHFA) Director Mark Calabria at will, President Joe Biden took swift action.
Hours after Calabria’s resignation, the White House appointed Sandra Thompson, FHFA’s deputy director of the division of housing mission and goals, as acting director of the housing finance industry regulator.
In a statement, Thompson said she is committed to conducting the nation’s housing finance system in a “safe and sound manner,” while at the same time maintaining a “laser focus on mission and community investment.”
“There is a widespread lack of affordable housing and access to credit, especially in communities of color,” Thompson said. “It is FHFA’s duty through our regulated entities to ensure that all Americans have equal access to safe, decent, and affordable housing.”
HousingWire Daily examines the most compelling articles reported across HW Media. Each afternoon, we provide our listeners with a deeper look into the stories coming across our newsrooms that are helping Move Markets Forward. Hosted by the HW team and produced by Alcynna Lloyd and Victoria Jones.
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