in News > Residential Mortgage
print the content item


Michael A. Stegman, a housing and domestic policy director at the John D. and Catherine T. MacArthur Foundation, will reportedly be named as a housing finance policy counselor for Treasury Secretary Timothy Geithner.

The Wall Street Journal, citing an unnamed "senior Treasury official," reports that Stegman's appointment is a signal that the Obama administration will be putting a greater emphasis on addressing housing issues in 2012. In his new role, Stegman will reportedly be responsible for coordinating the administration's housing policies, including the long-stalled issue of reforming the government-sponsored enterprises.

Stegman served as an assistant secretary for policy research in the U.S. Department of Housing and Urban Development during the Clinton administration before joining the MacArthur Foundation in 2005. Stegman has also been an advocate for de-emphasizing homeownership in favor of renting - at a Treasury Department conference in August, he stated that housing finance reform cannot be successfully implemented, as the federal government fails to acknowledge "the market distortions caused by the government's disproportionate support of homeownership over renting."


Interthinx has Your Blueprint for Quality_1375


Latest Top Stories

Uniting For Quality Appraisals

How AMCs and appraisers are collaborating to ensure accurate, quality property valuations.


Five Things Servicers Can Do Now To Improve Customer Satisfaction

It's a worthy goal, not just because it will satisfy regulators but also because it can yield measurable savings for the servicer's contact center.


Fannie, Freddie Lower Down Payment Requirements

The GSEs are now accepting conventional mortgages with a down payment of as little as 3%.


Zillow: First-Time Home Buyers Will Lead Recovery In 2015

Stan Humphries, chief economist for Zillow, says he expects "the allure of fixed mortgage payments and a more stable housing market will entice many more otherwise content renters into the housing market."


New Home Sales Rose Slightly In October

It was the fifth consecutive month that the U.S. Census Bureau and U.S. Department of Housing and Urban Development downwardly revised the previous month's new home sales estimate.

Urban Lending_id1351
Hse SandyHook
Industry Resource
Orb Mobile
SWBC_id1313
MBA-TX_id