The Mortgage Collaborative
  • Home
  • TMC Conferences
    • 12 Days of TMC
  • The Network
    • The Power of the Network
    • Preferred Partner Network
  • Benefits
    • Collaboration Labs
    • Working Groups
    • TMC Benchmark
    • Member Event Calendar
    • TMC Blog
    • TMConnect
  • Join Our Family
  • About TMC
    • Our Team
    • Contact
    • Testimonials

TMC Blog

President Trump Rumored to Tap The Collingwood Group Vice Chairman, Brian Montgomery to Lead FHA

5/15/2017

0 Comments

 
Picture
President Donald Trump is reportedly going to tap Brian Montgomery to run the Federal Housing Administration, according to an article in Politico by Lorraine Woellert and Josh Dawsey, which cited industry people with knowledge of the decision.

The article noted that the Trump administration is waiting until he completes requisite background checks to officially nominate Montgomery for the position. 

From the article:
Montgomery, who must be confirmed by the Senate, has raised concerns about the state of the housing market and regulation of mortgages. Nine years after the subprime lending bubble, lawmakers have yet to retool the nation's mortgage infrastructure.

Montgomery has said that "excessive enforcement" on mortgage lenders has prevented many Americans from becoming homeowners and building household wealth.

Montgomery was previously rumored to be in the running for Department of Housing and Urban Development deputy secretary, along with Rick Lazio and Pam Patenaude.

However, Trump ended up selecting Patenaude for the position, where she will serve under HUD Secretary Ben Carson.  

If accepted into the position, it will be Montgomery's second time as FHA commissioner. He previously held the job under Former President George W. Bush, staying on for six months after former President Barack Obama's inauguration, the article noted.

In addition to previously serving in the position, he’s also held a handful of other top positions through the government and housing industry, including:
  • Acting HUD secretary until Obama appointee Shaun Donovan was confirmed
  • HUD assistant secretary for housing.
  • Co-founder and partner at the Collingwood Group, LLC.
  • Deputy Assistant to the President and Cabinet Secretary
  • Following the Space Shuttle Columbia disaster in 2003, headed up a White House working group to monitor all facets of the accident investigation, and was awarded the NASA Exceptional Service Medal in June 2004.
  • Board member on the Federal Housing Finance Board (2005-2008), the Housing and Economic Recovery Act of 2008 Oversight Board (2008-2009), and NeighborWorks America Board, where he also served as Chair of the Corporate Administration Committee (2005-2009).

Article from HousingWire based on original piece from Politico.

0 Comments

Your comment will be posted after it is approved.


Leave a Reply.

    Rich Swerbinsky

    TMC - Chief Operating Officer

    View my profile on LinkedIn

    Archives

    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    June 2019
    April 2019
    March 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    January 2016
    December 2015
    November 2015
    October 2015
    August 2015
    June 2015
    May 2015

    Categories

    All
    MBA

Proudly powered by Weebly
  • Home
  • TMC Conferences
    • 12 Days of TMC
  • The Network
    • The Power of the Network
    • Preferred Partner Network
  • Benefits
    • Collaboration Labs
    • Working Groups
    • TMC Benchmark
    • Member Event Calendar
    • TMC Blog
    • TMConnect
  • Join Our Family
  • About TMC
    • Our Team
    • Contact
    • Testimonials