"Affordable homeownership took a big step forward today with the Senate confirmations of Frank Cassidy to run FHA and Joe Gormley to run Ginnie Mae, said Scott Olson, executive director for CHLA. Addressing concerns over spiraling housing costs has become one of Washington's biggest priorities and it is reassuring to know that these highly qualified individuals are now confirmed for these two critical positions, he added."
"On behalf of America's leading Main Street banks, we congratulate Travis Hill on his confirmation as FDIC Chair, Johnson said. His leadership comes at a pivotal moment as regulators and policymakers work to strengthen the stability, clarity, and predictability of the financial regulatory framework. CBA stands ready to work together on policies that uphold safety and soundness while fostering the innovation and economic growth our nation depends on."
"The FHA has been without a full-time commissioner since Julia Gordon, who led the agency during the Biden administration, stepped down around the time of Donald Trump's inauguration in January. Cassidy joined the U.S. Department of Housing and Urban Development (HUD) in April as principal deputy assistant secretary, and he was nominated to lead the FHA in August. He previously worked in commercial real estate finance, with roles at Walker & Dunlop, Newmark Knight Frank and Berkeley Point Capital."
Senate confirmations installed Frank Cassidy to lead the Federal Housing Administration and Joe Gormley to lead Ginnie Mae, moves framed as progress for affordable homeownership. Scott Olson of Community Home Lenders of America said addressing spiraling housing costs is a major Washington priority and welcomed the confirmations. Multiple trade groups voiced support for the nominations, including the National Housing Conference, Mortgage Bankers Association and NRMLA. Lindsey Johnson of the Consumer Bankers Association praised Travis Hill's confirmation as FDIC chair and emphasized the need for stability, clarity and predictability in the financial regulatory framework. Cassidy joined HUD in April as principal deputy assistant secretary and was nominated to lead the FHA in August. Gormley served at HUD and the FHA during Trump's first term and joined Ginnie Mae in April as executive vice president.
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