HUD in Housing Collaboration Pact With Israel

Oct 22, 2018

The U.S. Department of Housing & Urban Development (HUD) and the Israeli Foreign Ministry have signed a Memorandum of Cooperation designed to increase collaboration between the U.S. and Israel related to housing, community development and mortgage finance issues.

The cooperative memorandum enables the formal exchange of information and research related to low- and moderate-income housing, mortgage and housing finance, rental housing assistance, management of public housing, and community development. HUD Deputy Secretary Pamela Hughes Patenaude represented the U.S. in a signing ceremony in Jerusalem as part of a meeting of the U.S.-Israeli Joint Economic Development Group.

“This cooperative agreement will serve as another building block in strengthening the close ties between our nations on a number of common issues that impact our citizens,” said Patenaude. “We plan to share research and best practices for addressing the affordable housing challenges facing our nations. I am convinced that working together, we will be able to learn from each other to improve the lives of those we serve.”

About the author

Phil Hall

Link copied

Published

Oct 22, 2018

People On The Move

Kind Lending Hires Jennifer Folk As Chief Operating Officer

Mortgage industry veteran to focus on infrastructure, service delivery, and expansion at Kind, company says

Kind Lending, a mortgage lender that claims to be built on a culture of kindness, collaboration, and forward-thinking solutions, has appointed Jennifer Folk its new chief operating officer. Calling Folk “a powerhouse in mortgage operations and a respected leader in the f...

Analysis and Data

‘Great Opportunity To Trim Fat’ At Fannie Mae, FHFA Director Pulte Says

Fannie Mae’s net income falls 11% from Q4 2024 as net worth climbs nearly 4% to $98.3B

Fannie Mae this morning reported it had $3.66 billion in net income for the first quarter of 2025, down from net income of $4.13 billion for the prior quarter. The company, however, now has a net worth of $98.3 billion as of March 31, 2025, up nearly 4% from $94.7 billion at...