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Politicians and mortgage industry groups welcome Ben Carson in his new role as HUD secretary

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Economy

Politicians and mortgage industry groups welcome Ben Carson in his new role as HUD secretary

Former presidential candidate, Ben Carson, now officially holds the title of the 17th secretary of the Department of Housing and Urban Development. He will immediately be starting his new position at the housing agency.

Carson’s new role comes into play a little more than a month after President Donald Trump was sworn into office, and the mortgage industry is ready to make up for the lost time.

Carson is replacing former HUD secretary Julian Castro, who served under the Obama administration. Following Castro leaving office, Carson has been working his way through the nomination process, while Craig Clemmensen served as the acting secretary of HUD.

HUD has quickly become a hot topic for discussion under the current administration, with one of Trump’s orders of business falling under the housing department. Therefore, the urgency to fill the position has been important.

Mortgage Bankers Association, David Stevens, welcomes the news saying, “MBA applauds the full Senate for confirming Dr. Carson as the next HUD Secretary. His commitment to bolster America’s real estate markets and assist communities nationwide will serve him well in his new role. MBA looks forward to working with the secretary and his team at HUD to ensure that families all across our country have access to safe, decent and affordable housing.”

National Association of Realtors President William Brown, said on behalf of the company, that they will work closely with Secretary Carson to support homeownership and real estate investment.

“Dr. Carson should be proud of his achievement. The task at hand is a big one, and we applaud his commitment to the challenges that lie ahead,” said Brown. “We look forward to working with Secretary Carson to meet these challenges head on.”

The National Reverse Mortgage Lenders Association followed with a statement, “The NRMLA congratulates Dr. Ben Carson on his confirmation to serve as the 17th secretary of the U.S. Department of Housing and Urban Development. His lifelong commitment to improving the well-being of children and families offers Secretary Carson a unique perspective on the housing programs he will oversee in his new position, including FHA’s Home Equity Conversion Mortgage program,” said NRMLA President and CEO Peter Bell. “We look forward to working with the secretary and his new leadership team in support of the program.”

Politicians on both sides of the aisle have supported Carson in his new role. He even won the approval of Sen. Sherrod Brown, D-Ohio, ranking member of the U.S. Senate Committee on Banking, Housing and Urban Affairs.

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