Pam Patenaude is resigning as deputy secretary of the Department of Housing and Urban Development (HUD) after 15 months on the job.
Patenaude will leave office early next, though a final date was not set. Patenaude did not explain why she opted to leave HUD.
“It has been an honor to serve President Trump and Secretary [Ben] Carson and I am deeply grateful to both for this opportunity,” said Patenaude in a statement on Twitter. “Thank you to my HUD family and fellow ‘housers’ for helping Americans access decent, safe and affordable housing.”
Patenaude added she would be returning to her home in New Hampshire with her husband. Federal Housing Administration Commissioner Brian Montgomery will step in as acting deputy secretary until a replacement is confirmed by the Senate.
The modular home manufacturer is pursuing a joint venture with OneTrust parent Warp Speed Holdings, targeting a 2027 launch
Modular home manufacturer BOXABL is looking to expand into mortgage lending through a proposed joint venture with Warp Speed Holdings, the parent company of OneTrust Home Loans, potentially opening a new origination channel in the growing factory-built housing market.The com...
October sales plunged 5.5% as high mortgage rates sidelined buyers, with economists warning the slowdown could extend into November and December closings
The housing market's fall slump is showing up in closed loans, and there may be more pain ahead for mortgage originators.Existing-home sales plunged 5.5% in October to a seasonally adjusted annual rate of 3.75 million, the weakest pace since August 2010, according to figures...