Items Tagged with 'FHA Commissioner'


  • Housing industry calls on Senate to confirm Brian Montgomery as FHA commissioner

    Trade groups, companies, law firms, fair housing advocates join together
    It’s been nearly three months since the Senate Banking, Housing, and Urban Affairs Committee approved Brian Montgomery’s nomination to lead the Federal Housing Administration, but Montgomery’s name has not yet been put before the full Senate for a vote. That wait is more than enough for a consortium of housing industry power players.
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  • Senate Banking Committee approves Brian Montgomery to lead FHA

    Votes to send nomination to full Senate vote
    Brian Montgomery is now one step closer to leading the Federal Housing Administration for the second time. On Tuesday, the Senate Banking, Housing, and Urban Affairs Committee advanced Montgomery’s nomination to serve as FHA commissioner by an 18-5 margin.
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  • MBA urges Senate Banking Committee to pass Brian Montgomery nomination to lead FHA

    "Consider his nomination as expeditiously as possible"
    Ahead of the Senate Banking, Housing, and Urban Affairs Committee hearing on the nomination of Brian Montgomery to lead the Federal Housing Administration, the Mortgage Bankers Association sent a letter to the committee, urging them pass the nomination. So far, Montgomery has already gained a lot of support in the industry, unlike some of Trump’s more controversial picks.
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  • Trump picks Brian Montgomery to lead FHA

    Industry calls for Senate to move quickly
    After months of speculation, President Donald Trump confirmed his decision to nominate Brian Montgomery as commissioner for the Federal Housing Administration. Now, the mortgage industry is urging the Senate to act fast on accepting the nomination.
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  • Former FHA Commissioner Carol Galante joining Ocwen's board of directors

    Company also elevates Phyllis Caldwell to chair of board
    Ocwen Financial is about to add a big name to its board of directors, as the nonbank announced Friday that Carol Galante, the former commissioner of the Federal Housing Administration, is set to join the company’s board. Ocwen also announced that it is elevating Phyllis Caldwell from her current role as an independent director to serve as chair of the company’s board of directors.
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  • FHA Commissioner Carol Galante to step down

    Industry applauds her positive impact on housing
    After years of helping the economy recover from the financial crisis through her role as commissioner at the Federal Housing Administration, Galante announced her decision to leave the U.S. Department of Housing and Urban Development. She will return to California to start teaching at the University of California, Berkeley in January.
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  • CBO: FHA reform bill could save government $514M

    Insurance premiums would rise to meet capital requirements
    The Senate proposed FHA Solvency Act could reduce federal discretionary spending by $514 million over a four-year period of time while forcing the FHA to build up to a 3% capital ratio, the Congressional Budget Office said.
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