DSNews delivers stories, ideas, links, companies, people, events, and videos impacting the mortgage default servicing industry.
Issue link: http://digital.dsnews.com/i/1537265
MortgagePoint » Your Trusted Source for Mortgage Banking and Servicing News 8 July 2025 M O V E R S & S H A K E R S Movers & Shakers Government ANDREW HUGHES CONFIRMED AS HUD DEPUTY SECRETARY Andrew Hughes has been confirmed by the U.S. Senate by a vote of 51-44 as the next Deputy Secretary of the U.S. Department of Housing & Urban Development (HUD). The role of HUD Deputy Secretary acts in the capacity of Chief Operating Officer within HUD. Hughes previously served as HUD Chief of Staff under Ben Carson, HUD's 17th Secretary, and most recently, as Chief of Staff under current HUD Sec- retary Scott Turner. President Donald Trump announced the nomination of Andrew Hughes on March 11, 2025. "Serving at HUD is more than a job-it's a calling," said Deputy Secretary Hughes. "I'm humbled to help lead an agency that expands opportunity for all communities-rural, tribal, and urban. Together, under the leadership of Presi- dent Trump and Secretary Turner, we're focused on ensuring more Americans can achieve not just housing, but the stability, self-sufficiency, and upward mobility that define the American Dream." HUD Secretary Turner took to social media to welcome Hughes to his new role: "Andrew Hughes is a servant leader and is the right person, at the right time for this assignment to carry out HUD's mission. We share a clear vision for HUD's future, and it is truly a blessing to have him as Deputy Secretary. He will serve the American people well." Sen. Tim Scott, Chairman of the Senate Banking Committee, welcomed Hughes to his new role: "Congratula- tions Andrew Hughes, our new Deputy Secretary of @HUDGov. Working with @SecretaryTurner, I'm confident he will advance President Trump's agenda–re- forming failed federal housing policies, increasing accountability, and making housing more affordable for all Amer- icans." Hughes served the Department under the leadership of Ben Carson from 2017- 2021, as HUD Chief of Staff. He began as HUD's Department Liaison to the first Trump administration in January 2017. Prior to that, Hughes worked on Carson's presidential effort, and served in a similar capacity for three months with Trump's first presidential campaign. Mortgage Bankers Association (MBA) President and CEO Bob Broeksmit, CMB, issued the following upon news of Hughes' confirmation: "MBA congratu- lates Andrew Hughes on his confirmation to serve as HUD Deputy Secretary. We look forward to continuing our important work with him, Secretary Turner, and HUD staff on policies and initiatives that lower single-family and multifamily financing costs and increase homeowner- ship and rental housing opportunities for all Americans." MICHAEL HOROWITZ NAMED INSPECTOR GENERAL OF FEDERAL RESERVE AND CFPB Michael E. Horowitz has been appointed to lead the Federal Reserve Board's Office of Inspector General (OIG), effective June 30, 2025. By statute, the Federal Reserve's OIG also serves in that same role for the Consumer Financial Protection Bureau (CFPB), an agency financed by, but autonomous from, the Federal Reserve. The OIG is tasked with making recommendations to improve the efficiency and effectiveness of the agencies, as well as preventing and detecting waste, fraud, and abuse. Horowitz succeeds Mark Bialek, who retired in April, after nearly 14 years as Inspector General. Horowitz has more than 35 years of experience in law, public administration, and investigations. He most recently served as Inspector General for the Department of Justice (DOJ), a position he has held since April 2012. As Inspector General for the DOJ, Horowitz supervised a nationwide workforce of more than 500 special agents, auditors, inspectors, attorneys, and support staff whose mission was to detect and deter waste, fraud, abuse, and misconduct in DOJ programs and personnel, and to promote economy and efficiency in Department operations. From 2015-2020, Horowitz served as the Chair of the Council of the Inspec- tors General on Integrity and Efficiency (CIGIE), an organization comprised of all 75 federal Inspectors General. He also chaired a committee of 21 federal Inspectors General to oversee $5 trillion in pandemic relief spending. Horowitz worked from 2002-2012 as a Partner at Cadwalader, Wickersham, & Taft LLP, where he focused his practice on white collar defense, internal investi- gations, and regulatory compliance. He also was a Board Member of the Ethics Resource Center and the Society for Corporate Compliance and Ethics. Prior to working in private practice, Horowitz served as an Assistant U.S. At- torney for the Southern District of New York from 1991-1999, where he was the Chief of the Public Corruption Unit and a Deputy Chief of the Criminal Division. In 1995, he was awarded the Attorney General's Award for Distinguished Service for his work on a complex police corruption investigation. Thereafter, he worked in the DOJ Criminal Division in Washington from 1999-2002, first as a Deputy Assistant Attorney General and then as Chief of Staff. He began his legal