On The Hill: Episode Four
December 21, 2020
In the latest episode of On the Hill, Tim Rood, SitusAMC head of industry relations, speaks with Dana Wade, Federal Housing Administration (FHA) Commissioner and Assistant Deputy Secretary of the Department of Housing and Urban Development (HUD). They discuss the work over the last four years to transform FHA through technology modernization, updated rules and regulations, more transparency in financial reporting and better clarity for lenders and markets.
Wade talks about what she expects in 2021 amid a potential foreclosure and eviction crisis, and how FHA can best approach lender supervision and enforcement. “The mortgage industry has been such a positive contributor to economic growth and some of the bright spots we see in the economy,” Wade said. “It’s a lot of folks who have been working very hard to provide mortgages, to refinance mortgages, to service them. I hope we can step back and appreciate the positive role the mortgage industry has played this past year.”