How to simplify the appraisal process for everyone in today’s hot market

The housing market isn't slowing down anytime soon, and appraisers need to make sure they have the right tools to manage the high demand.

Who’s afraid of the PSPA?

Stakeholders are divided over whether, in light of proposed changes to its capital rule, the FHFA should retool its agreement with the U.S. Treasury and remove policies some say never belonged there in the first place.

Back to the Future of Mortgage Lending

This webinar will discuss what’s to come in the future of mortgage lending by analyzing past trends in the industry, evolving consumer behaviors and demographics of the industry’s production capacity.

Logan Mohtashami on jobs data and the bond market

In this episode of HousingWire Daily, Logan Mohtashami discusses what the jobs data, changes in the bond market, and the Omicron variant could mean for housing.

Mortgage

HUD Deputy Secretary Pam Patenaude resigns

Ends 35-year career in housing

[Update 1: Secretary Ben Carson accepts resignation.]

[Update 2: FHA Commissioner Brian Montgomery will serve as acting deputy secretary of the agency. Click here to read more.]

This morning the Deputy Secretary of the Department of Housing and Urban Development, Pam Patenaude announced to Secretary Ben Carson her plans to step down in the New Year.

“It has been my honor to serve President Trump and Secretary Carson and I am deeply grateful to both for this opportunity,” her resignation letter states. “Thank you to my HUD family and fellow “housers” for helping Americans access decent, safe and affordable housing.”

Patenaude’s future is unclear. The letter simply adds she is grateful for an extensive, 35-year career in housing and that she looks forward to returning with her husband, Chuck, to their home in New Hampshire.

"I will continue to promote the President's agenda to make this nation stronger and more prosperous for every American," the letter reads.

Secretary Carson accepted the resignation. 

"On behalf of a grateful agency, and the families and communities we serve, I want to thank her for her tremendous contributions to advancing HUD’s mission," said Secretary Carson in an email to HousingWire. "She led HUD’s largest disaster recovery response after unprecedented storms and fires damaged communities across the country. She is a true public servant, and I wish her well as she returns to private life in New Hampshire."  

Prior to her role at HUD, Patenaude served as the president of the J. Ronald Terwilliger Foundation for Housing America's Families. Patenaude is also the former director of housing policy at the Bipartisan Policy Center.

She was also honored with a HousingWire 2013 Women of Influence award. Highlights of her recent career can be found here.

Patenaude served as HUD assistant secretary for Community, Planning and Development during the George W. Bush administration. She brings more than 25 years of experience in housing, community economic development, real estate, and public policy.

Most Popular Articles

Pending home sales shock 2021 housing crash bears

Pending home sales beat estimates and we can now say the 2021 housing crash bears are even worse forecasters than the 2020 housing crash bears.

Nov 29, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please