Frank Cassidy has been nominated as Assistant Secretary of Housing and FHA Commissioner, supported by the Mortgage Bankers Association. With extensive experience in real estate finance, Cassidy is expected to provide valuable insights for improving FHA's programs. His role will involve working with HUD Secretary Scott Turner to implement reforms that increase housing supply and affordability. The FHA has currently been without a full-time commissioner since Julia Gordon's departure in January, emphasizing the urgency of this nomination.
Frank Cassidy has extensive experience in real estate finance, which equips him with insights to improve FHA's single-family and multifamily programs. His nomination is supported by MBA.
Bob Broeksmit, president and CEO of the Mortgage Bankers Association, expressed enthusiasm for Cassidy's nomination, emphasizing the need for meaningful reforms in housing supply and affordability.
The FHA has lacked a full-time commissioner since January when Julia Gordon departed, highlighting a need for effective leadership with Frank Cassidy's potential appointment.
MBA aims to collaborate with Cassidy and HUD Secretary Scott Turner to enhance FHA's operations, including modernizing IT systems to better serve housing markets.
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