"Frank Cassidy's deep expertise in real estate finance and commitment to improving housing affordability make him exceptionally qualified to lead FHA, MBA president and CEO Bob Broeksmit said in a statement. Joe Gormley's leadership and extensive experience in housing policy and mortgage capital markets will be invaluable to Ginnie Mae's mission of ensuring liquidity and stability in the mortgage market."
"David Dworkin, president and CEO of the National Housing Conference (NHC), issued a statement of support for Gormley, Cassidy and Travis Hill, who also advanced Wednesday as the nominee to chair the Federal Deposit Insurance Corp. (FDIC). NHC is confident that each of these nominees will serve with integrity, skill, and dedication to the best interests of the American people. We urge the full Senate to take up these nominations without delay and confirm them as soon as possible, Dworkin said."
The Mortgage Bankers Association called for rapid Senate confirmation of Frank Cassidy and Joe Gormley, praising Cassidy's expertise in real estate finance and Gormley's leadership in housing policy and mortgage capital markets. MBA emphasized their potential to strengthen FHA and Ginnie Mae to improve liquidity, stability, and housing affordability. The National Housing Conference expressed confidence that Gormley, Cassidy, and Travis Hill will serve with integrity and urged swift Senate action. The National Reverse Mortgage Lenders Association reiterated strong support, citing FHA's and Ginnie Mae's roles in insuring and guaranteeing Home Equity Conversion Mortgages and securities. Sen. Elizabeth Warren raised concerns about troubling responses to committee questions.
Read at www.housingwire.com
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