Senate Committee Approves Montgomery as HUD Deputy Secretary

Dec 11, 2019

The Senate Banking Committee voted 20-5 to approve Brian Montgomery as the next Deputy Secretary of the Department of Housing and Urban Development (HUD).

Montgomery serves as Assistant Secretary for Housing and Commissioner of the Federal Housing Administration (FHA), a position that he held from 2005 to 2009 in George W. Bush’s administration. If confirmed by the full Senate, he would replace Pam Patenaude, who resigned last December.

Robert D. Broeksmit, President and CEO of the Mortgage Bankers Association (MBA), welcomed the committee’s vote.

“MBA commends the Senate Banking Committee for approving the nomination of Brian Montgomery to be the next HUD Deputy Secretary,” he said. “His knowledge, experience, and aptitude will serve him well in this position as he serves alongside Secretary Ben Carson and other members of the administration. We look forward to continuing to work with HUD on the important issues facing the housing economy, and urge the full the Senate to promptly take up this vote.”

About the author

Phil Hall

Link copied

Published

Dec 11, 2019

Analysis and Data

Homes With Negative Equity Jump In Third Quarter

“I am surprised to have seen some of the increases in home prices," CoreLogic's chief economist says.

With home prices projected to enter a period of deceleration over the course of 2025 and 2026, a new report shows that the share of negative equity rose in the U.S. from the second quarter to the third quarter — the first quarterly rise since the fourth quarter of 2022. W...

People On The Move

Jason Lee New President Of The Loan Store

The former Flagstar Executive to steer The Loan Store through next phase of "aggressive growth"

The Loan Store, a leading wholesale mortgage lender, has tapped industry veteran Jason Lee to be its new president. With a career spanning more than two decades in the mortgage and banking industries, Lee is expected to bring expertise in capital markets, leadership, and ...