The Week Ahead: A New Deputy Secretary for HUD?

On Tuesday, the Senate Committee on Banking, Housing and Urban Affairs will hold a hearing to discuss the nomination of Brian Montgomery as Deputy Secretary of the Department of Housing and Urban Affairs.

Under this role, Montgomery, who also serves as HUD’s Assistant Secretary for Housing and Federal Housing Commissioner, would manage the day-to-day operations of the agency and assist the Secretary in leading the department’s nearly 8,000 employees.

“Once again, I am tremendously honored to be called upon by President Trump and Secretary Carson to serve this Department and the American people,” Montgomery said. “Service to our fellow Americans is the cornerstone of our Department and I look forward to continuing to help fulfill HUD's critical role."

A release from HUD states that Montgomery was nominated for these roles in September 2017 and he is the first person to serve as the head of the Federal Housing Administration twice and under three different Administrations.

“Brian brings tremendous experience to our team and has been a strong voice in the effort to reform the Nation's housing finance system,” said HUD Secretary Dr. Benjamin Carson. “As Federal Housing Commissioner, Brian made certain FHA remains a stable and reliable resource for first-time and minority homebuyers, and other underserved borrowers while protecting the interests of taxpayers. Brian is a key member of our team and I look forward to having him confirmed as our Deputy Secretary.”

Tuesday’s hearing will include several other nominations, including Mitchell A. Silk to be an Assistant Secretary of the Treasury, and David Carey Woll, Jr., of Connecticut, and John Bobbitt, of Texas, both to be an Assistant Secretary of HUD.

Here’s what else is happening in The Week Ahead

Freddie Mac Primary Mortgage Market Survey—December 12

CFPB WorkShop With Federal Trade Commission—December 10

Fed Rate Announcement—December 11