Join us on LinkedIn Follow us on Twitter Like us on Facebook Follow us on Instagram
 
  OCTOBER RESEARCH STORE Already a subscriber? LOG IN
AddControlToContainer_DynamicNavigation4

Market Watch

HUD secretary announces resignation

Email A Friend Printer Friendly Version
0 comments
Market Watch
Wednesday, March 13, 2024

U.S. Department of Housing and Urban Development (HUD) Secretary Marcia Fudge gave her two weeks’ notice earlier this week. After working in the public sector for almost 50 years, she will be retiring from public life.

“It has always been my belief that government can and should work for the people,” Fudge stated in her announcement. “For the last three years, I have fully embraced HUD’s mission to create strong, sustainable, inclusive communities and quality affordable homes for all. The people HUD serves are those who are often left out and left behind. These are my people. They serve as my motivation for everything we have been able to accomplish.”

According to a release, during Fudge’s tenure, HUD:

  • Helped more than two million families stay in their homes and avoid foreclosure.
  • Removed barriers for people with student loan debt trying to buy a home with a Federal Housing Administration (FHA) mortgage.
  • Ensured that positive rental history plays a greater role in determining creditworthiness when trying to obtain a home loan.
  • Outpaced the market by insuring FHA mortgages for three times as many Black borrowers and twice as many Hispanic borrowers based on percentage of volume.
  • Made mortgages more affordable by reducing the mortgage insurance premium for FHA mortgages.

In an interview with “USA Today,” Fudge said, “it’s time to go home.” The public official added she strongly believed she has done everything she could at the agency for the Biden-Harris administration “as we go into this crazy, silly season of an election.” She also said she would not be running for any office going forward, stating she was ready for a private life.

Federal Housing Finance Agency Director Sandra Thompson referred to Fudge as an “outstanding leader” and a “strong advocate for affordable, equitable, and sustainable housing opportunities for all Americans.”

“During her tenure as Secretary of HUD, the country faced numerous housing challenges including recovering from the COVID-19 pandemic, limited affordable housing supply, and the continuing effects of housing discrimination and homelessness,” Thompson said. “Secretary Fudge took decisive action to address these and other challenges. Under her leadership, HUD worked to ensure that every American had housing and the ability to live in strong and resilient communities. Her leadership has empowered people to build better futures for themselves and the generations that will follow. The impact of her work on the country’s affordable and often most vulnerable housing cannot be overstated.”

 

Today's other top stories
Economist gives housing market recap for appraisers
New Jersey legislation addresses auto insurance appraising
Veros outlines its optimization of AVM testing methodologies
Class Valuation launches ‘next-generation’ appraisal review solution
Hyper Valuation hires managing director


COMMENT BOX DISCLAIMER:
October Research is not responsible for the comments posted on its websites by readers. We will do our best to remove comments that include profanity or personal attacks or other inappropriate comments.
Comments:

Be the first to leave a comment.

Leave your comment
Please enter a comment.
CAPTCHA Validation
CAPTCHA
Code:
Please enter the word displayed in the image above. Please enter the word displayed in the image above.
: 
Please enter your name.
: 
Please enter your email address.
This field must contain a valid email address.
Your Email is for reporting purposes only. It will NOT be displayed.
Popularity:
This article has been viewed 576 times.

Print Edition - July 7, 2025

News by Topic   In-depth Reports   Events   Subscribe
Conference Coverage
Appraiser News
Commercial Corner
Legal News
Market Watch
Technology Corner
 
 
Expanding Your Appraisal Business
2025 State of the Industry
2024 Voice of the Appraiser
2024 Appraisal Technology
Marketing Your Business
Appraisal Bias
Archives
 
National Settlement Services Summit (NS3)
Women's Leadership Summit (WLS)
Webinars
 
Subscriptions
Free Email Updates
Try a Free Edition
News by Edition   About   Other Publications    
May 26, 2025
June 9, 2025
June 23, 2025
July 7, 2025
Archives
 
Valuation Review
Contact / Editors
Social Media
Advertise
Request a Media Kit
Are You An Expert?
Subscriber Agreement
 
Dodd Frank Update
RESPA News
The Title Report
The Legal Description
   
Copyright © 2002-2025 Valuation Review
An October Research, LLC publication
3046 Brecksville Road, Suite D, Richfield, OH 44286
(330) 659-6101, All Rights Reserved
www.valuationreview.com | Privacy Policy
VISIT OUR OTHER WEBSITES
> Dodd Frank Update
> RESPA News
> The Title Report
> The Legal Description
> NS3 The Summit
> Women's Leadership Summit
> October Research, LLC
> The October Store
Loading... Loading...
Featuring:
  • Delivery 3X a week plus breaking news as it happens
  • Comprehensive title insurance industry news
  • Recent acquisitions, mergers, real estate stats
  • Exclusive in-depth coverage of the industry's hottest stories
Featuring:
  • Delivery 2X a week plus breaking news as it happens
  • Comprehensive Dodd-Frank coverage
  • The latest information from the CFPB
  • Full coverage of Congressional hearings
  • Updates on all agency actions
  • Analysis of controversial provisions
  • Release of newest studies and reports
Sign up today and...
  • Be one of the first to know where NS3 is being held
  • Learn about NS3 speakers and sessions
  • Save on registration with Super-Early Bird rates
  • Discover the networking opportunities NS3 offers
  • Find out if CE credits will be offered for your area
  • And much more
Featuring:
  • Delivery 2X a week plus breaking news as it happens
  • Preview the latest RESPAnews.com Top Story
  • RESPA related headline news
  • Quote of the Week
Featuring:
  • Delivery 2X a week plus breaking news as it happens
  • Legal, regulatory and legislative information impacting the settlement services industry
  • News from HUD, Congress, state legislatures and other regulatory agencies
  • Follow the lobbying efforts of all the major national real estate services organizations.
Featuring:
  • Delivery 2X a week plus breaking news as it happens
  • The industry's only full-time newsroom
  • Relevant, up-to-date appraisal industry news
  • Covering the hottest stories and industry trends
NEWS BY TOPIC
NEWS BY EDITION
IN-DEPTH REPORTS
EVENTS
RESOURCES
FREE EMAIL UPDATES
ABOUT
SUBSCRIBE
Conference Coverage
Appraiser News
Commercial Corner
Legal News
Market Watch
Technology Corner
Sponsored Content
Current Edition
June 9, 2025
May 26, 2025
May 12, 2025
April 28, 2025
Archives
Expanding Your Appraisal Business
2024 Voice of the Appraiser
2025 State of the Industry
2024 Appraisal Technology
Marketing Your Business
Real Estate Compliance Outlook
Appraisal Bias
Finding & Training the Next Gen
Archives
National Settlement
Services Summit (NS3)
Women's Leadership
Summit (WLS)
Webinars
2025 Economic Outlook Series
New Appraisal Reports
Compliance Series
Technology Series
Manufactured Housing
CFPB's Shake-Up & Its Impact
Appraising Office Space Today
Eminent Domain
Securing Your Cyber Network
Keys For Operational Efficiency
Drones Do's and Don'ts
How to be an Expert Witness
Webinar Archives
Keys to Real Estate Podcast
Blog - Tuesdays with Mary
Executive Interview Series
Social Media
Valuation Review
Contact Us
Advertise
Request a Media Kit
Are You An Expert
Subscriber Agreement