Special Adviser Named for HUD Transition Period – NMP Skip to main content

Special Adviser Named for HUD Transition Period

Jan 17, 2017

President-Elect Donald Trump has asked William Russell, executive director of Florida’s Sarasota Housing Authority, to serve as special adviser in the transition to a new leadership configuration at the Department of Housing and Urban Development (HUD).

The Sarasota Herald-Tribune reports that Russell has received an extended leave of absence from his job in order to serve as a special adviser to HUD Secretary-Designate Dr. Ben Carson. The former neurosurgeon completed a hearing before the Senate Banking Committee, but no vote has been scheduled yet for the full Senate to confirm him for this position. The Trump transition team has yet to nominate a HUD deputy secretary or the seven assistant secretaries at HUD, and these positions will also require Senate confirmation.

Russell previously served as Deputy Assistant Secretary for public housing at HUD before moving to Sarasota in 2005. He is expected to be working with the new administration for the next four to six months.

About the author
Published
Jan 17, 2017
Insuring The Risk To Lenders At Closing

Traditional protections like title insurance and closing protection letters may leave lenders exposed to significant settlement, funding, and fraud-related losses

CHLA Uses Trump Mortgage Order To Renew Push For LO Comp Reform

Community lenders want more flexibility over employee compensation, closing-cost estimates, down payment assistance, and federal supervision of smaller IMBs

Servicers Begin Testing Systems Ahead of VA Partial Claim Deadline

VA lenders and servicers have until Nov. 28 to implement the new loss mitigation waterfall and Partial Claim Program

ROAD Act’s Housing Incentive May Be Too Small To Move Supply

Realtor.com finds the median city risks losing only about $84,000, although the policy could carry more weight in supply-starved Northeast and Midwest markets

CRA Proposal Could Reshape Bank Lending And Affordable Housing Investment

The OCC and FDIC would put more weight on lending while easing community development requirements for hundreds of banks

Fannie Mae AI Governance Deadline Arrives Aug. 6

Seller/servicers using artificial intelligence in origination or servicing must have formal policies, oversight, and vendor controls in place