Items Tagged with 'Julian Castro'

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Monday Morning Cup of Coffee: Trump tapping familiar face to lead DOJ's civil division?

What will become of False Claims Act charges under new leader?
It looks like President Donald Trump is about to install a familiar face as the leader of the Department of Justice’s civil division. If that happens, what happens to the DOJ's recently preferred tactic of using the False Claims Act to extract settlements from lenders for supposedly misrepresenting the quality of loans to the Federal Housing Administration? The answer, and more, in your Monday Morning Cup of Coffee.
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Exclusive with former HUD Secretary Julián Castro: Trump budget will create more homeless veterans

Castro gets candid: "There's no vision here"
Julián Castro served as secretary of the U.S. Department of Housing and Urban Development from 2014 to 2017 under former President Barack Obama. In an exclusive interview with HousingWire, Castro explains his concerns with the proposed $6.2 billion in budget cuts to HUD. In his words, "There’s no vision here. It’s almost like a cartoon cutout of an ideologue’s conception of the budget." From homeless veterans to small towns, these are the areas he says will be the hardest hit.
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Monday Morning Cup of Coffee: Housing takes center stage at SXSW

Mortgage finance finally rubbing shoulders with the IT crowd
“How do we make real estate sexy like South By Southwest is,” Sean Dobson, chairman and CEO of Amherst Holdings, joked at his company’s session at the renowned conference in Austin. The data and analytics company for the real estate industry is on an extremely short list of housing-affiliated companies attending the two-week conference, and who else but HousingWire would be there to cover it all? No one, that's who. Click to read the exclusive coverage!
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[Video] Here's Julián Castro's final farewell speech to HUD

Offers three pieces of advice
Appearing for the last time as the secretary of the Department of Housing and Urban Development, Julián Castro began his farewell speech to HUD employees in typical Texas fashion, with a "y’all." The White House tapped Castro back in June 2014 to replace outgoing HUD secretary Shaun Donovan, and now with only a week left in office, Castro left HUD with these three pieces of advice.
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Ben Carson pledges to "really examine" latest FHA mortgage insurance premium cut

Confirms that Trump team was not consulted on Obama administration’s decision
Earlier this week, Julián Castro, the outgoing Secretary of the Department of Housing and Urban Development, told reporters that he does not expect the incoming Trump administration to repeal HUD’s decision to cut Federal Housing Administration mortgage insurance premiums. On Thursday, Ben Carson, President-elect Trump's choice to lead HUD, said the the incoming administration plans to "really examine" the Obama administration's decision before determining a course of action.
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NPR: Castro voices concerns about next HUD leader

Fears going backward over next four years
Julian Castro, U.S. Department of Housing and Urban Development secretary, voiced his concerns about the next administration as he prepares to leave Washington. Notably, he admitted that he would be lying if he said he wasn’t afraid of moving backward over the next four years.
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FHA cuts mortgage insurance premiums again

"Most new mortgages" will see cut of 25 basis points in annual premiums
When the FHA announced late last year that its flagship fund, the Mutual Mortgage Insurance Fund, grew for the fourth straight year, it led many to question whether we would see a cut to mortgage insurance premiums again. Now we have an answer.
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Fact is, no one knows anything about former HUD secretaries

Here’s what you missed about Julián Castro as he leaves office
How many Department of Housing and Urban Development Secretaries have there been total? The correct answer: 16. But don’t worry if you got it wrong, you’re far from alone. Only 24% of people got the question correct on a recent HousingWire quiz. So now that’s clear no one has a clue about the past HUD secretaries, here’s a quick run-down of current HUD Secretary Julián Castro’s time in office before he exits.
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Questioning Ben Carson as HUD secretary? Here’s the silver lining for housing

President-elect Donald Trump selects Ben Carson as HUD secretary
I’m guessing Ben Carson as HUD secretary is a title you probably didn’t expect to hear connected to the former GOP presidential candidate and retired neurosurgeon. Although it sounds like an outlandish idea to most Americans, there’s a silver lining. In fact, the positive side is something that people in housing actually asked for.
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FHA single-family business explodes; No premium cut coming

Actuarial report shows MMI fund at 2.32%, up from 2.07% in 2015
The Federal Housing Administration announced Tuesday that its flagship fund, the Mutual Mortgage Insurance Fund, grew in fiscal 2016, marking the MMI Fund’s fourth straight year of growth, but that doesn’t mean that an additional cut to the FHA’s mortgage insurance premiums is coming.
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