Items Tagged with 'Brian Montgomery'

ARTICLES

  • FHA: Life of loan policy to remain, but agency considering options

    FHA commissioner says agency has discussed changes to life of loan policy
    It looks like there won’t be any significant changes to the FHA's mortgage insurance program this year. Earlier this week, new FHA Commissioner Brian Montgomery told a group of reporters that there likely won’t be a cut to the FHA’s mortgage insurance premiums this year. And it appears that there won’t be any changes to the life of loan policy either.
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  • FHA commissioner: We’re easing False Claims Act use to bring big banks back to FHA lending

    FHA wants the big banks to come back
    In recent years, many of the nation’s largest lenders moved away from FHA lending, scared off by the government’s use of the False Claims Act as a means to extract massive settlements from lenders. But it appears that’s all about to change, as FHA Commissioner Brian Montgomery said Tuesday that he believes the Obama administration went too far in some cases and said that the Trump administration is dialing back the use of the False Claims Act to bring more lenders back into FHA lending.
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  • FHA commissioner: Mortgage insurance premium cut not likely in 2018

    Brian Montgomery says premium cut probably not happening this year
    The Federal Housing Administration broke a few hearts last year when it announced back in November that there would not be any cuts to its mortgage insurance premiums after its flagship insurance fund turned in a weaker-than-expected performance in fiscal year 2017. Those holding out hope for a cut to the FHA’s MI premiums this year should not be holding their breath, the FHA’s newly minted commissioner said Tuesday.
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  • 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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