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ABA Statement on Senate Banking Vote on HUD Secretary

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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:
Follow us on Twitter: @ABABankers

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