Plan B

Cementing her very different vision of Fannie and Freddie, Acting Director Thompson has now finalized a new strategic plan for the FHFA emphasizing the importance of both equitable and sustainable housing finance.  As anticipated, the final plan requires more of Fannie, Freddie, and the FHLBs not only on the new equity mission, but also on climate-risk mitigation.  The only major difference from the proposed and the final plan is an expression of somewhat greater confidence from FHFA that it can go after third-party counterparties if it wants to.