FHFA Issues New Prepayment Monitoring Report

The U.S. Senate confirmed the nomination of Brian Montgomery to lead the Federal Housing Administration (FHA) on Wednesday, May 23, by a vote of 74-23. The way it was written made it seem like the confirmation was in question.) While the Senate Banking Committee approved his nomination in November 2017, then again in January 2018 after its winter recess, Sen. Tammy Duckworth (D-IL) placed a full-stop hold on all nominations within the U.S. Department of Housing and Urban Development (HUD) after a number of questions she had for Secretary Ben Carson went unanswered regarding housing closures in her home state.

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