U.S. Housing and Urban Development Secretary Alphonso Jackson announced today he is resigning as the nation's chief housing officer. Jackson will conclude his government service as the nation's 13th HUD Secretary on April 18, said a HUD press release. "During my time here, I have sought to make America a better place to live, work and raise a family," Jackson said. "I take great pride in working alongside some of the most dedicated civil servants in America. The hardworking people at HUD make a difference in the lives of thousands of Americans daily." According to the HUD release, Jackson during his term oversaw HUD's $37 billion budget and 9,200 employees. The former HUD secretary has recently caught the ire of the U.S. Senate after refusing to answer questions regarding accusations that he had in appropriately directed his staff to steer federal housing contracts to Jackson's political allies. Senate Banking Committee Chairman Chris Dodd (D-Conn.) asked for Jackson's resignation earlier in March, stating that Jackson was unfit to lead HUD now that the U.S. is in the midst of a housing crisis.
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The National Association of Home Builders Remodeling Market Index for the second quarter posted a reading of 61, a one-point decline from the first quarter.
July 10 -
The Additional Tax Lien Account is Acacia 2026-1's prefunding account, which will buy assets in the deal's first six months, up to $33.5 million, and is one of the deal's two investment accounts.
July 10 -
The bill, which passed with wide bipartisan support, will become law at midnight if President Donald Trump doesn't veto it.
July 10 -
Federal Reserve Bank of Dallas President Lorie Logan said at an event Thursday that conducting monetary policy actions through a third party would improve efficiency and make markets stronger.
July 9 -
The pool includes called collateral and smaller concentrations of loans originated in higher credit tiers, resulting in some underlying asset weakness compared with a previous deal.
July 9 -
A week after falling to its lowest point since mid-May, the 30-year fixed rate mortgage turned higher as the 10-year Treasury rose 15 basis points since June.
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