HUD faces massive staff cuts, while a lawsuit buys time for CFPB

AFGE Council 222 President Antonio Gaines, whose union stands for HUD staff members, told Politico that as several as half of the division’s field workplaces might be shut, along with work cuts of up to 50%.

Scott Turner, the recently installed assistant of Housing and Urban Development, released a message on social media sites inviting Elon Musk’s task pressure and saying that $260 million in cost savings had currently been determined.

The most significant targets, according to Gaines: the offices of Fair Housing and Level Playing Field, Plan Growth and Research Study, and Area Planning and Development, in addition to Lead Threat Control and Healthy Residences programs. The FHA, which insures mortgages, is expected ahead via fairly unscathed.

This week, complainants in one more instance have asked a federal judge to quit initiatives to shut down the bureau, which apparently includes strategies to fire more than 95% of CFPB staff members as quickly as Feb. 14. “That would certainly make it difficult for the Bureau to satisfy any of its statutorily required functions,” the declaring states.

McKernan was hailed as a “solid selection” by the Home Mortgage Bankers of America, due to his “deep experience as a regulator, secretive method, and on Capitol Hillside– coupled with his background working with real estate plan.”