FHFA Releases New Staffing Updates

The Federal Housing Finance Agency (FHFA) has announced that Tracy Stephan has been named Chief Artificial Intelligence Officer (CAIO), and will continue to manage the FHFA Office of Financial Technology.

The FHFA’s CAIO will manage AI risk, promote AI innovation, and lead effective AI governance in accordance with Executive Order 14110 on the Safe, Secure, and Trustworthy Development and Use of Artificial Intelligence, as well as the related Office of Management and Budget Memo on Advancing Governance, Innovation, and Risk Management for Agency Use of AI.

Tracy Stephan

“Establishing a Chief AI Officer underscores FHFA’s commitment to understanding new developments in technology and the marketplace and incorporating those insights into our day-to-day work,” said FHFA Director Sandra Thompson. “Through her role leading the Office of Financial Technology, Tracy has been a leader in FHFA’s work on AI and she is well prepared to lead this into the future.”

Stephan, a 25-year mortgage technology veteran, leads FHFA’s Office of Financial Technology. In this position, she leads a team tasked with assisting the Agency’s efforts to identify technology-driven advancements in housing finance, analyze the related risks, and enable the development of responsible innovation in FHFA-regulated firms.

She joined FHFA from Fannie Mae, where she held various positions spanning Enterprise Innovation, Data, Software Engineering, and Product Management. In these roles, she led difficult digital transformation efforts, oversaw mission-critical technology operations, and drove large-scale innovation. Stephan has a bachelor’s degree in decision science and information systems from George Mason University.

To read the full release, click here.

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Demetria C. Lester

Demetria C. Lester is a reporter for MortgagePoint (formerly DS News and MReport) with more than eight years of writing and editing experience. She has served as content coordinator and copy editor for the Los Angeles Daily News and the Orange County Register, in addition to 11 other Southern California publications. A former editor-in-chief at Northlake College and staff writer at her alma mater, the University of Texas at Arlington, she has covered events such as the Byron Nelson and Pac-12 Conferences, progressing into her freelance work with the Dallas Wings and D Magazine. Currently located in Dallas, Lester is a jazz aficionado, Harry Potter fanatic, and avid record collector. She can be reached at demetria.lester@thefivestar.com.
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