WASHINGTON (November 28, 2017) — The Senate Banking Committee voted today to confirm Brian Montgomery as the next commissioner at the Federal Housing Administration. National Association of Realtors® President Elizabeth Mendenhall, a sixth-generation Realtor® from Columbia, Missouri and CEO of RE/MAX Boone Realty said FHA's mission is critical to first-time homebuyers. She singled out lower- and middle-income borrowers, especially young buyers, as those most in need of FHA's assistance and issued the following statement:
“It's no secret that affordability concerns are standing in the way of otherwise creditworthy homebuyers all across the country. Millennials, and first-time buyers especially, depend on FHA for a safe low-down-payment option to help make that important first entry point into homeownership.
“Realtors® believe FHA's work to help those buyers is absolutely critical, and for that reason we need solid leadership guiding the way. Brian Montgomery is ready to do the job on day one, having already served in the position under presidents from both parties. He understands the issues and the challenges our country has ahead of us, and Realtors® are excited to see his nomination moving forward.”
The National Association of Realtors®, “The Voice for Real Estate,” is America's largest trade association, representing 1.3 million members involved in all aspects of the residential and commercial real estate industries.