ABA Statement on Senate Banking Vote on HUD Secretary

By Rob Nichols, ABA president and CEO

Washington, D.C. – (RealEstateRama) — “We congratulate HUD Secretary-designate Carson on the Senate Banking Committee’s vote to confirm him. Dr. Carson will bring a fresh perspective to the department, and we look forward to working with him to create a vibrant housing market that helps our nation’s communities and economy thrive.

“Improving FHA will be an important priority, and we hope to work with Dr. Carson to bring greater stability and long term viability to its programs, as well as a return to a more balanced business relationship between FHA and its lenders.”

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The American Bankers Association is the voice of the nation’s $16 trillion banking industry, which is composed of small, regional and large banks that together employ more than 2 million people, safeguard $12 trillion in deposits and extend more than $8 trillion in loans.

ABA Media Contact: Sarah Grano
(202) 663-5470
Email:
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Founded in 1875 and based in Washington, DC, the American Bankers Association (ABA) brings together banks of all sizes and charters into one association. ABA works to enhance the competitiveness of the nation's banking industry and strengthen America's economy and communities. Its members – the majority of which are banks with less than $125 million in assets – represent over 95 percent of the industry's $13.6 trillion in assets and employ over 2 million men and women.

American Bankers Association
1120 Connecticut Avenue, N.W.
Washington, DC 20036

Toll free: 1-800-BANKERS

Media Contact:
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Phone: (202) 663-5477

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