Skip to main content

Residential Finance Corporation announces its latest promotions

National Mortgage Professional
Dec 15, 2008

President-Elect Obama nominates Shaun Donovan as next HUD SecretaryMortgagePress.comBarack Obama, Shaun Donovan, HUD, Steve Preston President-Elect Barack Obama has announced the nomination of Shaun Donovan as Secretary of the United States Department of Housing and Urban Development (HUD). Current HUD Secretary Steve Preston issued the following statement on Donovan's nomination as the next HUD Secretary: "I congratulate Commissioner Donovan on his nomination to be the next HUD Secretary. HUD and Commissioner Donovan's team at the New York City Department of Housing Preservation and Development have worked very closely to build and preserve affordable housing in New York. "The mission of HUD has never been larger or more important than it is right now, keeping families in their homes, reducing chronic homeless, and providing affordable housing free from discrimination. As the former acting Commissioner of HUD's Federal Housing Administration, Commissioner Donovan is well aware of the issues facing American homeowners and the need for HUD to continue being a major force in helping stabilize the mortgage market. "Since November, we have been working very closely with President-Elect Obama's team to transfer responsibilities. Commissioner Donovan will take over a Department that is in a better position today than ever before to serve the millions of Americans who count on HUD. There is much work to be done for the American people, and his experience will be important for making this happen. I look forward to supporting Commissioner Donovan as he transitions into this critical role." "Shaun Donovan will bring experience, energy and innovative thinking to HUD at a crucial time in our nation's history," said John A. Courson, chief operating officer of the Mortgage Bankers Association. "He has previous experience at HUD both as acting FHA Commissioner and as Deputy Assistant Secretary for Multifamily Housing and we welcome his broad knowledge of the issues facing both the single and multi family markets. His work in the private, non-profit and academic sectors gives him a unique perspective on the current turmoil in the housing market and he has been widely hailed during his time as New York City's Housing Commissioner. We look forward to working with him to solve the ongoing crisis in the U.S. housing market." For more information, visit
Dec 15, 2008
CHLA Advocates Attorney Opinion Letters As Alternatives To Title Insurance

CHLA asks FHFA to explore use of the letters.

Dec 06, 2023
Helping the H.E.L.P.E.R.s

Federal bill poised to open up market to more teachers, first responders

Dec 01, 2023
Fidelity National Financial Hit By Cyberattack

Industry-leading provider of title insurance and settlement services radio silent on reported breach.

Nov 28, 2023
Citizens Bank Bids Farewell To Wholesale Mortgage Channel

In a strategic pivot, the Providence-based banking giant will stop accepting new wholesale mortgage submissions.

Nov 16, 2023
Surprising Surge In Mortgage Customer Satisfaction, J.D. Power Study Reveals

Study found first-time homebuyers were harder to satisfy, customers don't just shop rates.

Nov 16, 2023