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MortgagePoint May 2024

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May 2024 » thefivestar.com 11 May 2024 M O V E R S & S H A K E R S Treasury, focusing on housing and consumer finance issues. While at Treasury, he worked on issues related to the conservatorships of the GSEs and implementation of the housing programs under the Housing and Economic Recovery Act of 2008. Prior to joining public service, Valverde began his career as a Securities Lawyer at Davis Polk & Wardell LLP. HUD APPOINTS NEW NORTHWEST REGIONAL ADMINISTRATOR The U.S. Department of Housing and Urban Development (HUD) has appointed Andrew Lofton as Regional Administrator for the Northwest, serving Alaska, Idaho, Oregon, and Washington. Lofton will be HUD's interface with mayors, city managers, elected representatives, state and local officials, congressional delegations, stakeholders, and customers. In addition, he will be tasked with managing and analyzing the efficiency and effectiveness of HUD programs and services in communities. "We are excited to welcome Andrew Lofton as the Regional Administrator for HUD's Northwest Region," HUD Acting Secretary Adrianne Todman said. "Mr. Lofton's experience and dedication to public service make him an asset to our team. He is a leader in housing, and I will rely on him to ensure the efficient delivery of HUD programs and services to communities across the region." According to HUD, with his arrival, Region 10 is well-positioned to deliver on the agency's objectives and Acting Secretary Todman's vision. Lofton has a wealth of experience, knowledge, and enthusiasm as a housing expert and public servant, and he is grateful for the opportunity to collaborate with HUD and the Biden-Harris administration. "It is an honor to serve the Biden-Harris Administration and the people in the great Northwest, where I am blessed to call home," Lofton said. "Working together, we can make our communities stronger, more vibrant, and more equitable for generations to come." A lifetime Washington citizen, Lofton has nearly 50 years of public service experience in municipal, state, and local government, guided by his desire to help others. He previously worked as Executive Director of the Seattle Housing Authority for 17 years, and before that held positions at the City of Seattle such as Community Development Block Grant Administrator, Deputy Director of Community Devel- opment, Budget Director, and Chief of Operations, as well as Deputy Director of the Washington State Department of Trade and Economic Development. Lofton has also held numerous leadership positions throughout his career, including serving on the Boards of the Council for Large Public Housing Authorities and the National Association of Housing and Redevelopment Officials (NAHRO), as well as being a founding member and first Board Chair of the Moving to Work Collaborative. OCC NAMES ACTING SENIOR DEPUTY COMPTROLLER AND CHIEF COUNSEL The Office of the Comptroller of the Currency (OCC) has announced that Ted Dowd will serve as Acting Senior Deputy Comptroller and Chief Counsel. Dowd will serve in this position while the agency initiates a search for a successor to Ben Mc- Donough, who will be taking a position at another agency. "Mr. Lofton's experience and dedication to public service make him an asset to our team. He is a leader in housing, and I will rely on him to ensure the efficient delivery of HUD programs and services to communities across the region." —Adrianne Todman, Acting Secretary, HUD

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