On 12/27/21, the Federal Housing Finance Agency (FHFA) issued a statement by its Acting Director, Sandra L. Thompson, regarding climate change. According to Thompson, FHFA recognizes that climate change poses a serious threat to the U.S. housing finance system and as a member of the Financial Stability Oversight Council (FSOC), FHFA is committed to working collaboratively with other federal agencies to make tangible progress toward addressing climate change and its consequences.

Thompson also explained that FHFA's regulated entities – Fannie Mae, Freddie Mac (the Enterprises), and the Federal Home Loan Bank System – have an important leadership role to play in addressing this issue. She also added that the FHFA is enhancing its Agency-wide monitoring and supervision of climate change issues.

The FHFA recently announced a new Conservatorship Scorecard that will hold the Enterprises accountable for ensuring resiliency to climate risks.

Read the full statement here.

Adam Witmer

Adam Witmer is a speaker, author, and founder of the Compliance Cohort. Adam has taught hundreds of seminars and training sessions to thousands of bankers throughout the United States and teaches on all areas of regulatory compliance. Adam has written five e-books that he never published, hit a grizzly bear while driving in a National Park, and is an award winning photographer and musician (though he no longer takes photos nor plays any instruments). In his spare time, Adam can be found kayaking on the lake, doing taekwondo with his kids, working on his (project) house, or spending time with his family.

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