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M R EP O RT | 61 O R I G I NAT I O N S E R V I C I N G DATA G O V E R N M E N T S E C O N DA R Y M A R K E T THE LATEST GOVERNMENT Federal Housing Commissioner Nominee Advanced Industry leader says Dana T. Wade will "hit the ground running" in her new role. L eaders within the hous- ing are applauding the advancement of Dana T. Wade's nomination as the next Assistant Secretary of the Department of Housing and Urban Development. "Her past experience and tenure as Acting Federal Housing Commissioner and General Deputy Assistant Secretary for the Office of Housing will allow her to hit the ground running," said Ed Demarco, President, Housing Policy Council. He added that upon full Senate confirmation, Wade is expected to continue the "important enhance- ments" enabling FHA and mort- gage servicers to continue servicing borrowers through COVID-19. The Manufactured Housing Association for Regulatory Reform (MHARR) sent a letter to the Senate Banking Committee pledging its support of Wade. "Ms. Wade—who has a wealth of experience regarding housing and housing finance—showed herself to be a strong advocate for affordable housing, including affordable manu- factured housing, during her prior tenure at HUD," the letter stated. "Commendably, Ms. Wade was al- ways available to hear the concerns of both the industry and consumers of affordable housing and took key actions to modernize the federal manufactured housing program at HUD and bring it more closely into compliance with the Manufactured Housing Improvement Act of 2000, after nearly two decades of needless delay." The letter continued by saying Wade is a "tireless advocate for safe, decent, quality, and afford- able housing." "Particularly given the urgent national need for affordable hous- ing and homeownership that exists today, she would be an important and worthy addition to the management team at HUD. Consequently, MHARR strongly supports her nomination and urges the Committee to recom- mend her for confirmation by the full Senate," the letter said. The U.S. Senate Banking Committee advanced Wade's nomination during a hearing in May. Wade was advanced by a 15-10 vote by the committee. "Mrs. Wade is well-positioned to take on the task of Assistant Secretary for Housing and Federal Housing Commissioner at the U.S. Department of Housing and Urban Development," said U.S. Senator Mike Crapo (R-Idaho), Chairman of the U.S. Senate Committee. "Mrs. Wade served as Acting Federal Housing Commissioner and General Deputy Assistant Secretary for the Office of Housing, where she directly man- aged FHA's portfolio of single- family, multifamily, and health care insurance; Section 8 project-based rental assistance; the Office of Manufactured Housing; and over 2,400 personnel agencywide." Wade was nominated for the position of Federal Housing Commissioner by President Donald Trump in February. "As I look around this hearing room, I see the Senate continuing the people's work but under very different circumstances," Wade said during her opening statement at her confirmation hearing earlier this month. "If confirmed, I will com- mit to do everything I can as FHA Commissioner to help the country emerge from the COVID-19 pan- demic healthier, stronger, and with a more prosperous economy." Wade was previously the acting Federal Housing Commissioner and Assistant Secretary for Housing from July 2017 to June 2018. She supervised more than 2,400 employees and implemented risk management and monitoring of the Federal Housing Agency's $1.3 trillion portfolios. She also served as a Program Associate Director for General Government at the Office of Management and Budget from December 2018 to December 2019, where she led budget oversight for six Executive Branch agencies with a focus on financial services, including HUD. "If confirmed, I will commit to do everything I can as FHA Commissioner to help the country emerge from the COVID-19 pandemic healthier, stronger, and with a more prosperous economy." —Dana T. Wade, Nominee, Assistant Secretary of the Department of Housing and Urban Development