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45 ยป VISIT US ONLINE @ DSNEWS.COM Development in November, was approved by the Senate by a vote of 74-33. "I'm honored to have the opportunity to serve with Secretary Carson and the team at HUD to further equal access to affordable rental housing and homeownership opportunities and seek solutions to restore vitality to the housing market," Montgomery said in a statement. Montgomery, an industry veteran, served in the Executive Office of the President during the administration of President George W. Bush before transitioning to his role as Assistant Secretary at HUD and FHA Commissioner under Presidents Bush and Obama. In recent years, he has served as Vice Chairman at e Collingwood Group, LLC, a Washington, D.C.-based real estate finance consulting firm. In November 2017, President Trump nominated Jerome Powell for the position of Fed Chair. "He's strong, he's committed, and he's smart," President Trump said during the official announcement. "And if he is confirmed by the Senate, he will put his considerable talents and experience to work, leading our nation's central independent bank, which has the critical responsibility to set monetary policy and our banking system as a whole." Powell won the Senate over and was appointed to this position in early 2018. During his Congressional testimony in February after being confirmed, he backed further interest-rate hikes. Around the same time, the President nominated Mick Mulvaney, the Federal Budget Director to the position of Acting Director of the Consumer Financial Protection Bureau (CFPB). While the decision was a controversial one at that time, Mulvaney has brought in a slew of changes at the consumer watchdog. From requesting for $0 in funding for the CFPB in the second quarter to announcing that the bureau had to be more "transparent and accountable," Mulvaney has made quick changes to the way the bureau works. In March 2017, Dr. Ben Carson was appointed as HUD secretary after a final Senate vote of 58-41. "I am immensely grateful and deeply humbled to take on such an important role in service to the American people," said Secretary Carson said upon his appointment. Since then, despite the controversies under his leadership, HUD has taken on several important initiatives, such as announcing a major disbursement of funds to help communities still recovering from the 2017 natural disasters, partnering with the Department of Justice to end sexual assault in housing, and most recently, commemorating 50 years of the Fair Housing Act. DS News is the leading publication dedicated to providing default servicing professionals with news and content focused on their industry. SUBSCRIBE TO THE LEADER IN DEFAULT SERVICING NEWS SUBSCRIBE NOW! Call 214.525.6700 or connect with us online at DSNews.com.