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Former HUD Head Running for President?

Phil Hall
Aug 22, 2017
Members of the National Association of Mortgage Brokers (NAMB) have participated in meetings at the White House to discuss important matters regarding Association Health Plans

Former U.S. Department of Housing & Urban Development (HUD) Secretary Julián Castro is fueling speculation that he will seek the Democratic Party’s 2020 presidential nominationFormer U.S. Department of Housing & Urban Development (HUD) Secretary Julián Castro is fueling speculation that he will seek the Democratic Party’s 2020 presidential nomination.
According to a Houston Chronicle report, Castro formed a new Political Action Committee (PAC) called Opportunity First and filed a report with the Federal Election Commission that will enable the PAC to support or oppose candidates for federal office. Castro and his twin brother, Rep. Joaquin Castro (D-TX), were considered as possible challengers to Republican Gov. Greg Abbott in next year’s election, but the political siblings have both stated they are not going to challenge Abbott.
For Castro, his political options in red state Texas are limited. The former San Antonio mayor was considered as a possible rival to challenge incumbent Sen. Ted Cruz (R-TX) in next year’s election, but he not made any indication that he would enter that race. With his new PAC and the level of prominence he gained as HUD chief during President Obama’s second term—his name was floated as a potential running mate for Hillary Clinton in last year’s presidential race—Castro has made appearances on behalf of Democratic candidates around the country and is being viewed by many political observers as a player on the national stage rather than within Texas politics.

Aug 22, 2017
Mortgage Forbearance Changes Create Challenges for Servicers

65% Of All Plans Would Expire By The End of 2021

Regulation and Compliance
Aug 02, 2021
CFPB Reports Trends In Financial Assistance

The latest developments from this study reveal that most consumers have exited the payment assistance they received at the start of the pandemic.

Analysis and Data
Jul 14, 2021
CFPB Orders GreenSky To Refund $9M In Unauthorized Loans

The consent order requires GreenSky to refund or cancel up to $9 million in loans for the customers harmed by this illegal conduct.

Regulation and Compliance
Jul 13, 2021
CFPB Warns Landlords And Consumer Reporting Agencies To Report Accurate Rental Information

Inaccurate rental or eviction information can unfairly block families and individuals from safe, affordable housing.

Regulation and Compliance
Jul 01, 2021
FHFA Mandates Quarterly Fair Lending Reports

FHFA issued orders for all enterprises to submit quarterly Fair Lending Reports with data and information to improve the FHFA’s capabilities. 

Regulation and Compliance
Jul 01, 2021
FHFA Follows CFPB To Protect Borrowers Once COVID-19 Foreclosure And Eviction Moratoriums End

The Federal Housing Finance Agency made it clear that Fannie Mae and Freddie Mac servicers are not permitted to make first notice or filing for foreclosure that would be prohibited by the CFPB protections for borrowers affected by COVID-19.

Regulation and Compliance
Jun 30, 2021