Posted To: MND NewsWire

The White House has announced another key appointee to a federal housing post. Julia Gordon has been named Assistant Secretary for Housing at the Department of Housing and Urban Development (HUD). This position also serves as commissioner of the Federal Housing Administration (FHA). Gordon is currently president of the National Community Stabilization Trust (NCST) which works to provide local community-based programs an opportunity to acquire vacant, abandoned, and distressed properties to redevelop. The Trust has implemented the transfer of $1.5 billion in real estate to local organizations over the last 10 years, much of it “first look” properties from Freddie Mac and Fannie Mae’s foreclosure inventories. Gordon’s name may be familiar to MND readers. We have frequently covered her remarks…(read more)

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Source: Mortgage News Daily