NAR Responds to SCOTUS Decision on FHFA Leadership Structure

WASHINGTON (June 23, 2021) – National Association of Realtors® President Charlie Oppler issued the following statement in response to the Supreme Court's ruling on the leadership structure at the Federal Housing Finance Agency.

"NAR has appreciated Director Calabria's willingness to address complex issues and advance GSE reform conversations over the past two years," said Oppler, a Realtor® from Franklin Lakes, N.J., and the CEO of Prominent Properties Sotheby's International. "While the agency has also worked tirelessly to uphold a safe, stable mortgage market throughout the pandemic, NAR has concerns that recent FHFA policy changes could jeopardize the availability of mortgage credit in the future. Regardless of any potential leadership changes on the horizon, Realtors® will continue working with the FHFA to advance our utility model for GSE reform as conservatorship ends."

NAR also responded to reports that Sandra Thompson, previously the Division of Housing Mission and Goals' deputy director, will assume the role of interim director at the FHFA in the wake of Wednesday's Supreme Court ruling.

"America's Realtors® congratulate Sandra Thompson on her appointment to lead the FHFA," Oppler continued. "We know that her experience at DHMG and the commitment she's shown to incorporating feedback from across the industry will serve the agency well in the effort to protect the safety and soundness of our nation's housing finance system. We look forward to continuing our work with the Acting Director as we seek to ensure all U.S. homebuyers, especially those in underserved communities, have access to affordable mortgage credit."

The National Association of Realtors® is America's largest trade association, representing more than 1.4 million members involved in all aspects of the residential and commercial real estate industries.

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