A New Housing Regulator Could Make The American Dream More Accessible For Millions
Sources tell NPR the Biden administration is close to announcing its pick to run the Federal Housing Finance Agency, which oversees the $11 trillion mortgage market.
by Chris Arnold
Sep 18, 2021
3 minutes
The Biden Administration is close to announcing the nomination of a key regulator with broad powers to change the $11 trillion mortgage market and reshape the American Dream of homeownership, sources tell NPR.
The administration has narrowed down the candidates to run the Federal Housing Finance Agency, or FHFA, according to sources familiar with the matter who are not authorized to speak publicly.
While not a household name, the agency has enormous power because it controls Fannie Mae and Freddie
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