Items Tagged with 'Brian D. Montgomery'


  • Stevens Sworn in as FHA Commissioner

    David Stevens was sworn in as assistant secretary for housing and Federal Housing Administration (FHA) commissioner at the US Department of Housing and Urban Development (HUD) Wednesday. Stevens, who was confirmed by the Senate on July 10, previously served as president and chief operating officer of the Chantilly, Va.-based real estate and mortgage group of businesses, Long & Foster Companies.
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  • David Stevens Confirmed as FHA Commissioner

    The Senate confirmed David Stevens' nomination to head the Federal Housing Administration (FHA). The appointment is not yet official, and a schedule for Stevens' swearing-in has not been set. A Senate committee made the nomination in March 2009, and a panel approved the nomination at the end of June. Industry groups, including the National Association of Home Builders (NAHB) and the National Association of Realtors (NAR) released statements supporting the decision.
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  • Builder Confidence Hits New Low; NAHB Urges Buyer Stimulus

    Home builder confidence across the U.S. slumped to a new record low of 8, according to a monthly survey released Wednesday by the National Association of Home Builders. The housing market index, measuring builder perceptions of current single-family home sales and sales expectations for the next six months, is based on a scale of 100 where any number over 50 indicates more home builders perceive sales conditions as good than poor.
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  • HUD's Got a New Man: It's New York's Donovan

    In an announcement that topped off a radio address given Saturday, President-elect Barack Obama nominated New York City's commissioner of Housing Preservation and Development, Shaun Donovan, as the next secretary of Housing and Urban Development. Once the acting general deputy assistant secretary for housing, Donovan will take over for commissioner Brian Montgomery after the transition to the Obama Administration next year.
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  • NAHB Lays Off Staff, Trims Budget

    Not surprisingly, the National Association of Home Builders is being forced to retrench its staffing and budget as it faces a huge drop in membership -- the Washington-based lobbying group said earlier this week that it had cut $11.5 million from its 2009 operating budget and eliminated 52 positions, as a result of cost-cutting measures.
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  • FHA's Montgomery: Housing Mess Could Have Been Avoided

    In larger remarks about the need for risk-based pricing at the Federal Housing Adminstration, FHA commissioner Brian Montgomery peppered a speech yesterday on lending for low and moderate-income households with the suggestion that the current housing mess could have been avoided had Congress acted on Bush administration suggestions earlier.
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