Frank Cassidy rejoined Walker & Dunlop after resigning from HUD, where he oversaw FHA’s $2 trillion portfolio and cut multifamily MIP.

House lawmakers introduced the Build American Efficiency Act to help HUD funding recipients document Build America, Buy America compliance. The bill keeps domestic content rules intact and pushes HUD to accept auditable, verifiable certification systems to reduce waivers and delays.

HUD urges fee caps, code limits, and faster permits, citing over $100,000 in regulatory costs per new single-family home.

HUD OIG audit says 1,237 HECM borrowers may see LESA funds depleted about six years early, with up to $258 million at risk.