New HUD Secretary Named

April 19, 2008 by Eleanor 1 Comment

hud President Bush announced the new Secretary of HUD yesterday as Mr. Jackson left office. Former SBA Administrator Steve Preston will be the new “general” with MUCH to be done!

According to Kansas City.com…

If confirmed by the Senate, Preston would replace Housing and Urban Development Secretary Alphonso Jackson, who announced his resignation last month amid a criminal investigation and allegations of political favoritism.

Preston is credited with correcting problems at the Small Business Administration, and he drew praise from Democrats.

He steps in at a time when foreclosures have surged.

He has a background of 25 years in financial and operational leadership. He was executive vice president of the ServiceMaster Co., a senior vice president and treasurer of First Data Corp., and an investment banker at Lehman Bros.

Filed Under: Housing News Tagged With: fha home loans cary, home loan rates raleigh, improve credit nc, mortgage rates cary, mortgages apex, subprime mortgages nc

About Eleanor

I see myself differently than most loan officers in the Cary/Raleigh market. As a rare Cary native, I see myself as an expert on the area, on mortgage industry changes & factors that effect rates! I've lived in Cary since 1968 - and I'm second generation "mortgage." I work with my husband, Steve Thorne Mortgage Loan Originator #60596 Equal Housing Lender More About Me

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