White House Taps Dana Wade as Next FHA Chief

The Trump Administration has nominated Dana Wade to become the next Assistant Secretary for Housing and Commissioner of the Federal Housing Administration (FHA).

 

Wade previously served as the Acting Federal Housing Commissioner and Assistant Secretary for Housing from July 2017 to June 2018, and also worked in the Trump Administration as Program Associate Director for General Government at the Office of Management and Budget from December 2018 to December 2019. Earlier in her career, she held senior staff positions in Congress, serving as the Deputy Staff Director for the Senate Banking Committee and as the Republican Deputy Staff Director for the Senate Appropriations Committee under Sen. Richard Shelby (R-AL).

 

Robert D. Broeksmit, president and CEO of the Mortgage Bankers Association (MBA), issued a statement welcoming the nomination, noting Wade’s “extensive knowledge gained in previous roles, including on Capitol Hill and within the OMB, and also as the acting FHA Commissioner and Assistant Secretary for Housing, will serve her well in this new position.”

 

Wade would replace Brian Montgomery, who was nominated to take on the role of Deputy Secretary of the U.S. Department of Housing & Urban Development (HUD). Broeksmit sent a letter to Senate leaders noting that Montgomery’s nomination was approved in the Banking Committee last December in a 20-5 bipartisan vote but has yet to receive full Senate confirmation.

 

“Mr. Montgomery has demonstrated throughout his career that he possesses the intellect to understand and respond appropriately to complex challenges,” Broeksmit’s letter stated. “We believe he will put those talents to good use, helping strengthen America’s housing market, promoting the production of affordable rental housing, and improving the fabric of communities nationwide.”

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