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Posts Tagged ‘confirmation’

Former HUD Secretaries Endorse Ben Carson for Post

January 16th, 2017 Comments off
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Dr. Ben Carson at his confirmation hearing. Credit: Fox News.

With confirmation hearings underway for Dr. Ben Carson as Department of Housing and Urban Development (HUD) Secretary, the voice of opposition is speaking loud and clear.

Although you have many accomplishments in the medical field, there is relatively little in the public record that reveals how you would further HUD’s mission to ‘create strong, sustainable, inclusive communities and quality affordable homes for all,” said Senator Elizabeth Warren in an open letter to Carson on January 10th.

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Elizabeth Warren. Credit: Orlando Sentinel.

But some of those who have held the post in the past disagree.

Per Newsmax, a bipartisan endorsement came in a letter to Sen. Mike Crapo, (R-Idaho,) chairman of the Committee on Banking, House and Urban affairs, signed by former HUD secretaries Henry Cisneros, Mel Martinez, Alphonso Jackson and Steven Preston.

We write today, from both sides of the political aisle, in support of Dr. Ben Carson’s nomination as Secretary for Housing and Urban Development, a position we have all held,” the letter said.

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President-elect Donald Trump, left. Dr. Ben Carson, center. Henry Cisneros, right. Image credit, Fox Business.

As secretary, we know that Dr. Carson will learn about what works, develop new innovations, measure outcomes, and achieve real results to improve communities throughout America. We urge the Committee to support Dr. Carson’s confirmation.

In response to the endorsement, Carson released a statement.

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Dr. Ben Carson. Credit: UPI.

I am immensely grateful for the support of Secretaries Cisneros, Martinez, Jackson and Preston, and it is a great honor to be mentioned with such accomplished public servants,” said Carson.

If confirmed, I look forward to listening to the concerns of the American people in order to develop new solutions to age-old problems, especially increasing opportunity, and making America’s neighborhoods stronger.

A View From MHARR

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Credit: MHARR, Wikipedia.

The Manufactured Housing Association for Regulatory Reform (MHARR) was in attendance at Carson’s confirmation hearing on January 12th.

While manufactured housing was not specifically addressed during the hearing, which tended to focus more on philosophy and approach, rather than specific programs, Dr. Carson did acknowledge the burgeoning need for affordable housing, stressing his interest in ‘public-private partnerships’ and greater private-sector involvement and participation in HUD programs and activities, to more effectively address those needs, as well as a results-oriented approach to HUD’s mission,” MHARR said in a statement.

Perhaps most importantly, from the overall tenor of Dr. Carson’s testimony, it is evident that he plans to undertake a ‘fresh start’ at HUD, with a new perspective and leadership style that is likely to be a significant departure from recent senior-level management at the Department.   

MHARR will continue to closely monitor the Senate confirmation process for Dr. Carson and will follow-up in accordance with the discussion and decisions of the Board.

The Daily Business News will continue to follow the confirmation hearings and provide relevant updates. For additional coverage of the nomination of Dr. Ben Carson, click here.

The full endorsement letter is linked here. ##

(Image credits are as shown above.)

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RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

Cordray Confirmed to Head Consumer Financial Protection Bureau

July 17th, 2013 Comments off

Following two years of uncertainty, the U S. Senate confirmed Richard Cordray as director of the Consumer Financial Protection Bureau (CFPB) by a 66-34 vote. While an outstanding lawsuit questions the original recess appointment of Cordray to the post by President Barack Obama, the confirmation solidifies the director’s position as a host of new rules affecting the marketplace is set to take affect in Jan. 2014. Today’s vote eases concerns over what might have happened if Cordray had been forced to step down regarding current and past examinations, nonbank supervision and rules finalized during his term. Allyson Baker, a partner at Venable law firm who once worked for the CFPB, says “I think you now have some certainty that the work the agency has done so far will continue.” As for lenders and servicers, as MHProNews has learned from HousingWire, she adds, “It allows them to say this is what it’s going to look like, and now we can move forward because we have some certainty in the marketplace. Certainty is useful if you are trying to structure your business operations and working with fairly new paramaters.”

(Photo credit: abcnews–Richard Cordray)

CFPB Director takes Questions

June 25th, 2013 Comments off

Consumer Financial Protection Bureau Director Richard Cordray, in a speech followed by a Q and A before the Exchequer Club, said more commotion than necessary is being made about the qualified mortgage (QM) rule. He says lenders will continue lending as they have in the past, even outside the rule, according to nationalmortgagenews. For a lender “to not make those mortgages and leave that money on the table and leave people un-served because of some vague fear that they can’t quite articulate; that doesn’t sound to me like the kind of good decision-making that lenders have made for years,” said Cordray. He agrees with the chief economist at Moody’s Analytics, Mark Zandi, who says $20 billion of the $1.25 trillion mortgage market will fall outside the QM rule, which amounts to two percent of the total. Noting the agency is trying to be flexible in its overall approach, when questioned about the extensive mortgage data the CFPB is currently gathering, Cordray said the information collected will help a future director make more solid policy decisions. Speaking of his own battle with Republicans over his confirmation, as MHProNews has learned, he does not profess to know what was in the mind of the Dodd-Frank Act congressional creators, but feels the structure allows the ability to reshape policy as needed.

(Photo credit: ABCNews–CFPB Director Richard Cordray)

Modular Home Sited over Neighborhood Objections

June 12th, 2013 Comments off

MHProNews has learned from brandoninfo the Brandon (Minn.) City Council has upheld the decision of the city’s Planning and Zoning Board of Adjustment to approve the siting of a modular home. Neighbors, claiming the residence will harm property values, had complained that the structure was a manufactured home and was not a new home as stipulated by city ordinance. Planning and zoning commissioner Bob Serk says he received written confirmation from the Minnesota housing authority that the home is modular, constructed by Dynamic Homes in 2005, and meets the same criteria and standards as site-built homes. Building inspector Dave Swier, admitting it is not new construction as noted on the application, says the fact that it is not a new home does not change his ruling.

(Photo credit: gainesville.com)

NAHB Comments on FHFA Appointment

May 2nd, 2013 Comments off

MHProNews has learned the National Association of Home Builders (NAHB) Chairman Rick Judson, a home builder in Charlotte, NC, has issued a statement on the nomination of Rep. Mel Watt (D-NC) to head the Federal Housing Finance Agency (FHFA). “We applaud the nomination of Representative Watt to this important position. After four years in conservatorship, the future of Fannie Mae and Freddie Mac stands at a crossroad. Rep. Watt brings years of experience to this position at a pivotal moment as our nation’s housing market recovers. NAHB looks forward to working closely with Rep. Watt to help address the many complex challenges facing the U.S. housing finance system upon his confirmation by the U.S. Senate.”

(Photo credit: Fotosearch)

Richard Cordray Nearing Senate Floor Debate

March 19th, 2013 Comments off

Picked to head the Securities and Exchange Commission, Mary Jo White’s confirmation is all but assured as she breezed through the Senate Banking Committee 21-1 this morning. As originationnews tells MHProNews, only Sen. Sherrod Brown voted against her because he doe not think a Wall Street lawyer  should be policing Wall Street. Meanwhile, the panel voted along party lines 12-10 to send Richard Cordray’s nomination to the Senate floor to lead the Consumer Financial Protection Bureau (CFPB). Republicans have vowed to block the nomination until structural changes are made to the agency.

(Photo credit: Carolyn Kaster/AP–l-r, Richard Cordray, President Obama, Mary Jo White)

Rep. Senators want to Alter CFPB

February 19th, 2013 Comments off

The Manufactured Housing Institute (MHI) informs MHProNews Sen. Jerry Moran (R-Kan.) introduced legislation to replace the Consumer Financial Protection Bureau (CFPB) director with a five-member commission, and make it accountable to the same appropriations as most other federal agencies. House Financial Services Committee Chairman Jen Hensarling (R-TX) indicated that the panel would also be working to advance similar legislation during the 113th Congress, especially since there is legal maneuvering questioning the legality of Richard Cordray’s recess appointment as head of CFPB. Additionally, Senate Minority Leader Mitch McConnell (R-Ken.) and 42 other Republican Senators sent a letter to President Obama indicating they intend block the confirmation of any nominee to head the CFPB until the structure of the agency is altered.

(Image credit: Consumer Financial Protection Bureau)

Galante finally Approved to Lead FHA

January 2nd, 2013 Comments off

NationalMortgageNews reports over a year after the Senate Banking Committee voted to send Carol Galante’s confirmation to the full Senate as Commissioner of the Federal Housing Administration (FHA), the Senate voted 69-24 to confirm her appointment Sunday during a special session dealing with the fiscal cliff controversy. As MHProNews reported Dec. 14, 2011, Sen. Jim Demint, (R-SC), leveling charges at Ms. Galante of being short-sighted at a Senate Banking Committee hearing on her nomination, said, “We need people with a sense of urgency (italics added) about the need to turn things around and reduce our debt and avoid future bailouts.” Sen. Bob Corker (R-Tenn.), noting more needs to be done to repair FHA’s financially challenged single-family program, says as the confirmed commissioner Galante can now assemble her own staff and take more aggressive steps. The acting head of FHA since July 2011, she will also serve as a HUD assistant secretary.

(Photo credit: HUD GOV–Carol Galante)

Apex Homes: Teetering on the Edge?

February 13th, 2012 Comments off

A source has informed MHProNews.com that Apex Homes, Inc. of Middleburg, Pennsylvania, a modular home builder, filed for reorganization under Chapter 11 bankruptcy the end of January. Calls to Apex for confirmation were referred to an asset management company, which did not immediately return calls. Apex has been in business since 1990, serving the east coast, offering custom ranch, cape, two-story, multifamily and light commercial structures.

(Photo credit: ModularHomeCoach—Apex HQ in Middleburg, PA))