News in Brief: HUD Updates

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On May 23, the Senate approved President Trump’s nomination for FHA Commissioner, Brian Montgomery. Montgomery is no stranger to the housing industry and is a welcome addition, having previously served in this position. Many in the housing industry including Habitat for Humanity and the Mortgage Bankers Association, among others, expressed their interest in having him named as the FHA Commissioner.

Love Funding’s President and CEO Mark Dellonte expressed his excitement with Montgomery’s appointment, saying “It’s a great day for HUD and the Federal Housing Administration to have Brian Montgomery back as the Commissioner and HUD Assistant Secretary for Housing. Brian previously provided great leadership in this position, and we look forward to his leadership again. Congratulations to the Senate for overwhelmingly confirming Brian. This is good for HUD and the overall real estate finance industry.”

In addition to Montgomery’s appointment, C. Lamar Seats was named the Deputy Assistant Secretary for Multifamily Housing. We expect that Montgomery and Seats will do great things for the department. If you are considering an FHA loan for your next multifamily, healthcare or hospital transaction, please contact one of our expert originators.

CONTACT US

HUD LEADERSHIP

SECRETARY
Ben Carson

DEPUTY SECRETARY
Pamela Hughes Patenaude

CHIEF OF STAFF
Andrew Hughes

GENERAL COUNSEL
J. Paul Compton, Jr.

FHA COMMISSIONER AND ASSISTANT SECRETARY FOR HOUSING
Brian Montgomery

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