The National Association of Realtors (NAR) has responded to the recent confirmations of Joseph Gormley as president of Ginnie Mae, Francis "Frank" Cassidy as assistant secretary of housing and Federal Housing Administration (FHA) commissioner, and Travis Hill as chairperson of the board of directors designate at the Federal Deposit Insurance Corporation (FDIC).
Shannon McGahn, NAR executive vice president and chief advocacy officer, issued a statement highlighting the importance of these appointments. "The confirmations of Frank Cassidy, Joseph Gormley, and Travis Hill bring experienced, steady leadership to some of the most critical pillars of our nation's housing finance system. FHA and Ginnie Mae play a central role in expanding access to homeownership, especially for first-time, low- and moderate-income buyers, and in maintaining stability across the mortgage market while the FDIC ensures reliability, security, and consumer protections in the banking industry. We look forward to working closely with Assistant Secretary Cassidy, President Gormley, and Chairperson Hill to strengthen these programs, ensure responsible access to credit, and advance policies that increase housing supply and affordability for families across the country," says Shannon McGahn.
NAR had previously expressed its support for these confirmations through letters sent on behalf of each nominee.
The National Association of Realtors is active in both residential and commercial real estate sectors. The organization identifies members by using “Realtor” as a collective membership mark. NAR members adhere to a strict Code of Ethics. The association also provides free guides for consumers on topics such as buyer agreements and negotiating compensation; more information can be found at https://facts.realtor.
