President-elect Joe Biden is expected to name Congresswoman Marcia Fudge of Ohio as the Secretary of Housing and Urban Development, according to media reports Tuesday. No official announcement of the appointment has been made, as the Biden team has been leaking cabinet selections to the media in advance of formal announcements a day or so later. Fudge,…
The Federal Housing Administration on Tuesday proposed allowing a private flood insurance option instead of insurance through the National Flood Insurance Program when flood insurance is required by FHA. The rule would allow lenders to accept private flood insurance policies for single family insured loans for homes located in Federal Emergency Management Agency-designated Special Flood…
Seth Appleton is leaving the U.S. Department of Housing and Urban Development and Ginnie Mae to serve as the new president of MISMO, the Mortgage Bankers Association announced Monday. MISMO is a non-profit subsidiary of MBA and is responsible for developing standards for exchanging information and conducting business in the mortgage finance industry in the…
Housing and Urban Development Secretary Ben Carson tested positive for Covid-19 on Monday, multiple news outlets reported. Carson, 69, attended a party at the White House on Election Night. White House Chief of Staff Mark Meadows tested positive for Covid-19 last week. “Secretary Carson has tested positive for the coronavirus,” Carson’s chief of staff, Coalter…
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