FHA Commissioner’s Seat Still Empty

The National Mortgage News reported the US Senate left Washington, D.C. for its holiday break without holding a vote on Brian Montgomery’s nomination to the position of FHA commissioner.

According to Alex Spanko of RMD, Sen. Elizabeth Warren, a Massachusetts Democrat who grilled Montgomery during his hearing, is part of a group that wants a full, recorded vote on the nomination as opposed to a simple voice vote, according to the publication.

Warren and other Democrats have been critical of Montgomery’s work with the Collingwood Group, a housing-focused advisory firm that he joined after his first stint atop the FHA from 2005 to 2009.

“I’ve seen some amazing cases of spinning through the revolving door, but this one really might take the cake,” Warren said during the October hearing.

Despite the lack of vote — after three other HUD nominees were confirmed before the break — industry sources told National Mortgage News that Montgomery will still clear the Senate sometime this month. A group of 45 housing trade groups sent a letter to senators in December praising Montgomery’s experience.

This article duplicated from: https://reversemortgagedaily.com

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