HUD Secretary Marcia Fudge Stepping Down

[gregb]

https://www.politico.com/news/2024/03/11/marcia-fudge-HUD-stepping-down-00146268

 

[Charles West]

This from Dave Towne this morning:

I read a number of web provided publications oriented to our appraisal work, and lending.



This popped into my email this morning (3/11/24) from Inside Mortgage Finance Publications:

As IMFnews went to press Monday, Marcia Fudge announced that she will step down as secretary of the Department of Housing and Urban Development, effective March 22. A Biden appointee, Fudge, 71, did not provide a specific reason...

This is incredibly good news for appraisers! Although, we don’t know who the President will appoint to replace Ms. Fudge. Hopefully it will be someone less strident in their opposition to appraisers. But of course, the primary talking points against appraisers have come from POTUS.


If you’ve not been closely following all the alleged bias and discrimination stories circulating for the past 3+ years, much of that has come from Ms. Fudge at HUD. Her own personal life has revolved around mostly ‘being black’ and not really fully integrating with other races. Why do I say that? Because I’ve researched her background.


She’s also the current co-chairperson of the PAVE Task Force Committee, so that group’s philosophy may also be modified with her resignation. Ideally, at least.


Two more weeks of her at HUD. Hopefully it will be quiet activity with no more attacks from her toward appraisers.


Dave Towne, MNAA, AVAA, AGA

 

[jay trotta]

This from Dave Towne this morning:

I read a number of web provided publications oriented to our appraisal work, and lending.



This popped into my email this morning (3/11/24) from Inside Mortgage Finance Publications:

As IMFnews went to press Monday, Marcia Fudge announced that she will step down as secretary of the Department of Housing and Urban Development, effective March 22. A Biden appointee, Fudge, 71, did not provide a specific reason...

This is incredibly good news for appraisers! Although, we don’t know who the President will appoint to replace Ms. Fudge. Hopefully it will be someone less strident in their opposition to appraisers. But of course, the primary talking points against appraisers have come from POTUS.


If you’ve not been closely following all the alleged bias and discrimination stories circulating for the past 3+ years, much of that has come from Ms. Fudge at HUD. Her own personal life has revolved around mostly ‘being black’ and not really fully integrating with other races. Why do I say that? Because I’ve researched her background.


She’s also the current co-chairperson of the PAVE Task Force Committee, so that group’s philosophy may also be modified with her resignation. Ideally, at least.


Two more weeks of her at HUD. Hopefully it will be quiet activity with no more attacks from her toward appraisers.


Dave Towne, MNAA, AVAA, AGA

Pandora's box has been opened and there is political nonsense involved. Don't know how you close that door.

 

[CGinMN]

Biden just floated several super inflationary housing proposals in this SOTU address all in the name of affordability, which were widely panned. Now fudge is gone citing “crazy, silly” election. Makes you wonder if it’s related.