Items Tagged with 'Ben Carson'

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  • FHA: No PLF changes for reverse mortgages

    Report reveals HECM’s drain, but FHA says it’s moving in the right direction
    The Federal Housing Administration released its 2018 Report to Congress on Thursday, revealing that the HECM program continues to be a drain on its flagship Mutual Mortgage Insurance Fund to the tune of $13.63 billion in the last fiscal year. But FHA Commissioner Brian Montgomery said the program is benefiting from policy changes made last year, and that the agency remains "optimistic that the quality of the book will continue to improve."
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  • FHA will not cut mortgage insurance premiums

    Actuarial report reveals insurance fund is in good health, but Montgomery says premiums will stand
    The Federal Housing Administration released details on the health of its flagship Mutual Mortgage Insurance Fund on Thursday, revealing a positive economic net worth of $34.86 billion and an acceptable ratio of capital reserves at 2.76%. The numbers are markedly better than last year, but FHA Commissioner Brian Montgomery said that doesn’t mean the agency will be reducing mortgage insurance premiums any time soon.
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  • Washington Post: Trump administration backtracks on curious HUD staffer move

    Suzanne Israel Tufts isn’t moving to a new job at the Interior Dept. after all
    On Wednesday, it was initially reported that HUD's Assistant Secretary for the Office of Administration Suzanne Israel Tufts was moving to the Interior Department to serve as acting inspector general overseeing four investigations into Secretary Ryan Zinke’s conduct. However, as of Thursday, that's now a different story.
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  • Washington Post: HUD staffer shuffled to new agency, confusion and suspicion reigns

    In a surprise move, HUD Assistant Secretary Suzanne Israel Tufts has joined the Interior Department as acting inspector general
    In a highly unusual move, U.S. Department of Housing and Urban Development Assistant Secretary Suzanne Israel Tufts was moved to the Interior Department to serve as acting inspector general overseeing four investigations into Secretary Ryan Zinke’s conduct.
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  • 6 Questions with 6 HUD Executives, Ep. 5: Assistant Secretary Anna Maria Farias

    Farias talks about her motivations, taking down corruption and the real reason HUD went after Facebook
    Anna Maria Farias shares a special bond with Department of Housing and Urban Development Secretary Ben Carson. Farias also grew up in public housing. She, like Carson, fought hard to achieve a greatness unparalleled. Farias was the child of a single parent who struggled to make ends meet, and she witnessed first-hand the discrimination and harassment her mother faced daily.
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  • HUD awards $47 million grant to housing counseling agencies

    Funding is crucial to success of reverse mortgage program
    The U.S. Department of Housing and Urban Development announced Wednesday that it has awarded $47 million in housing counseling grants. Some of the grant money went to agencies that offer reverse mortgage counseling, and the influx of cash will be crucial to keeping them in business and keeping the HECM program alive.
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  • 6 Questions with 6 HUD Executives, Ep. 1: Secretary Ben Carson

    In this episode, Carson discusses the state of affordable housing, faith, housing solutions and more
    Welcome to the inaugural episode of HousingWire's new, exclusive podcast, 6 questions with 6 HUD Executives. In this episode, Editor-in-Chief Jacob Gaffney interviews Secretary Ben Carson about his goals, motivations, the state of affordable housing and more.
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  • HUD Secretary Ben Carson lays out his plans for affordable housing and regulatory reform

    Carson speaks at NMHC Fall Meeting
    On Friday, Department of Housing and Urban Development Secretary Ben Carson spoke at the National Multifamily Housing Council’s Fall Meeting. In his remarks, he highlighted the issues facing the American housing market and laid out his plans to address housing shortages and persistent poverty.
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