WASHINGTON (October 10, 2025) – The National Association of REALTORS® Executive Vice President and Chief Advocacy Officer Shannon McGahn issued the following statement after the United States Senate confirmed Jonathan McKernan to be the Under Secretary for Domestic Finance at the U.S. Department of the Treasury:
"We applaud the Senate for confirming Jonathan McKernan as Under Secretary of the U.S. Treasury. Mr. McKernan brings deep institutional knowledge and proven leadership from his prior service in the Senate, at Federal Housing Finance Agency and Treasury, and most recently on the board of the Federal Deposit Insurance Corporation. His experience navigating federal housing policy and advancing bank and financing reforms positions him to help lead Treasury's efforts to address the housing shortage and ongoing reform of the housing finance system.
"We look forward to working with Under Secretary McKernan to promote practical, forward-looking solutions that address affordability in the housing stock as well as access to affordable and stable housing finance for all Americans."
About the National Association of REALTORS®
As America's largest trade association, the National Association of REALTORS® is involved in all aspects of residential and commercial real estate. The term REALTOR® is a registered collective membership mark that identifies a real estate professional who is a member of the National Association of REALTORS® and subscribes to its strict Code of Ethics. For free consumer guides about navigating the homebuying and selling transaction processes – from written buyer agreements to negotiating compensation – visit facts.realtor.
# # #