Housing Groups Push for Confirmation of Montgomery as HUD Deputy Secretary

Mar 04, 2020

Photo credit: Getty Images/wellesenterprises

The National Association of Realtors (NAR), along with 35 organizations from across the real estate industry, have reached out to Senate Majority Leader Mitch McConnell and Minority Leader Chuck Schumer urging the Senate to confirm Brian D. Montgomery as Deputy Secretary of the U.S. Department of Housing & Urban Development (HUD) and David C. Woll Jr. as Assistant Secretary of the Office of Community Planning and Development.

“Mr. Montgomery’s long and comprehensive experience at HUD will greatly benefit the administration of the Department,” said the letter, which cited Montgomery’s four-year experience with the housing crisis and response to Hurricane Katrina as Federal Housing Administration (FHA) Commissioner. “In his dual capacity as acting Deputy Secretary of HUD, he has overseen the increasingly sound financial health of the Mutual Mortgage Insurance Fund, which now has a 4.84 percent capital reserve ratio–more than double the level required by statute.”

Joining the NAR effort were the National Association of Hispanic Real Estate Professionals (NARHREP), National Reverse Mortgage Lenders Association (NRMLA), National Association of Home Builders (NAHB), American Land Title Association (ALTA) and the Mortgage Bankers Association (MBA), among others.

About the author

NationalMortgageProfessional.com

Link copied

Published

Mar 04, 2020

Analysis and Data

Redfin: Homebuyers Gain Leverage, But Pending Sales Keep Sliding

Pending sales fall 16.4% from a year ago despite lower home prices and mortgage payments, as sellers retreat from a weakening market

Home prices are falling. Mortgage payments are easing. Sellers are becoming more willing to negotiate. Yet the housing market keeps losing buyers.Pending home sales fell 16.4% year over year during the four weeks ending Nov. 1, reaching their lowest level in Redfin's weekly ...

Tech

New AI-Run Mortgage Startup Builds Database Of 224,000 LOs

LenDb.ai is making LO records available to AI assistants, offering a potential new way for borrowers to find originators

A new mortgage technology startup is betting that borrowers will increasingly turn to artificial intelligence to find a loan originator, and it wants to make sure AI knows whom to recommend.LenDb.ai, launched Thursday by venture studio Draper Goren Blockchain, has assembled ...

Feb

Atlanta, GA

More from

Regulation and Compliance

CFPB Closes 40% Of Investigations, Keeps Mortgage Enforcement In Focus

The federal watchdog closed thousands of supervisory and investigative matters as it narrowed oversight

Regulation and Compliance

Nov 05, 2026

Midterms Loom With Mortgage Policy Changes Already In Motion

As voters head to the polls Tuesday, Washington is weighing changes to refinancing costs, loan pricing, and lending regulations

Regulation and Compliance

Nov 02, 2026

UAD 3.6 Deadline Is Monday. Are Brokers Ready?

Wholesale lenders have adopted different rules for appraisal transfers, loan product changes, and reporting formats, adding complications for brokers and appraisers ahead of the Nov. 2 mandate

Regulation and Compliance

Oct 27, 2026

Friday Harbor Expands AI Appraisal Reviews As UAD 3.6 Deadline Nears

The new capability adds more than 350 automated checks as lenders prepare for the November 2 mandate

Tech

Oct 27, 2026

The Hidden Cost Of Appraisal Uncertainty

As home equity lending grows, lenders need a better way to resolve conflicting property evidence before it creates costly setbacks

Regulation and Compliance

Oct 25, 2026