Removing Barriers Blog

FHFA Gets a New Acting Director and Extends the Foreclosure Moratorium on Single Family Homes
Posted June 24, 2021 by CUNA Advocacy

Following the Supreme Court’s decision in Collins v. Yellen, President Biden announced his intention to replace Director Calabria as Director of the FHFA. Before the end of the day, President Biden had appointed Sandra L. Thompson as Acting Director, effective immediately. Acting Director Thompson had served as Deputy Director of the Division of Housing Mission and Goals at the FHFA since 2013. Prior to that, she worked in multiple leadership positions at the FDIC, including as the Director of the Division of Risk Management Supervision. One of the first actions taken by the FHFA under its new leadership is an extension of the foreclosure moratorium on single-family foreclosures and real estate owned (REO) evictions from June 30, 2021 to July 31, 2021.