Trump nominates new head of FHA

The nominee will replace Brian Montgomery, who was elevated to deputy HUD secretary last year

Trump nominates new head of FHA

President Donald Trump announced his intention last week to nominate Dana Wade to serve as commissioner of the Federal Housing Administration and assistant secretary of the Department of Housing and Urban Development.

“Dana Wade is a spectacular individual who has been enormously valuable to President Trump and this department,” HUD Secretary Ben Carson said in a statement. “We look forward to Dana’s very capable, guiding hand at FHA and urge the Senate to swiftly confirm her.”

Wade will replace Brian Montgomery, who Trump elevated to deputy secretary of HUD in October.

Wade served as acting FHA commissioner and assistant secretary for housing from July 2017 to June 2018, according to a White House news release. In that role, she oversaw more than 2,400 employees and monitored the FHA’s $1.3 trillion mortgage-insurance portfolio.

Wade also served as a program associate director for general government at the Office of Management and Budget from December 2018 to December 2019. In that role, she led budget oversight for six executive-branch agencies, including HUD.

She has also held several staff positions in Congress, including serving as deputy staff director for the Senate Committee on Banking, Housing and Urban Development and the Republican deputy staff director for the Senate Committee on Appropriations.   

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