The Senate has confirmed Alphonso Jackson to be the new secretary of the Department of Housing and Urban Development.Mr. Jackson has run housing authorities in St. Louis, Washington, and Dallas. He was a Texas electric utility executive when he was tapped to become the deputy secretary at HUD in 2001. A few weeks ago, his confirmation appeared be in jeopardy until the Bush administration decided to withdraw a controversial final rule to revamp the mortgage application and settlement services process. Mr. Jackson has served as the acting HUD secretary since former Secretary Mel Martinez resigned in December to run for the Senate. Meanwhile, President Bush has nominated Romolo A. Bernardi to serve as deputy secretary under Mr. Jackson. Mr. Bernardi is currently the HUD assistant secretary for community planning and development.
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The real estate firm resolved two other NTRAP lawsuits in late 2025 and may find itself in front of another following a recent Nevada investigation.
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Industry comments are favorable, but with statements like "no bill is perfect" and "bold action is needed," groups want changes before it goes to the president.
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The lender will offer a comprehensive suite of residential lending programs and commercial lending solutions, such as builder construction loans.
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A group representing this part of the industry and a community lenders' association both called for more time to implement the legislative mandate.
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The Senate passed a bipartisan housing bill in an 89 to 10 vote, but how quickly and easily the bill can pass the House remains unclear.
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The conflict pushed oil price futures above $100 a barrel for a short time earlier this week, which affected bond investors and the 10-year Treasury yield.
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