Freddie Mac veteran Edward Golding has been named to head up the Federal Housing Administration — sort of.

For now, Golding’s title will be “principal deputy assistant secretary” — a position with slightly more limited powers than FHA commissioner that doesn’t require Senate confirmation, The Wall Street Journal reports.

Golding, who’s been working as a senior adviser on housing finance to HUD Secretary Julian Castro, is the leading candidate to become full FHA commissioner, the Journal said, citing anonymous sources.

He’s slated to replace Biniam Gebre, who had been serving as acting assistant secretary after FHA Commissioner Carol Galante stepped down last year on April 7.

Golding’s appointment — announced by Castro in an internal email Thursday — was welcomed by the Mortgage Bankers Association.

MBA President and CEO David Stevens called Golding “an excellent choice to fill a very critical role at HUD, bringing more than two decades of real-world, operational experience in the mortgage markets.”

Stevens said the MBA had worked closely with Gebre “on several projects and found him to be open, thoughtful and forward-thinking. I am glad to hear that he will be staying at HUD in another capacity because he is an important resource for Secretary Castro.”

According to HUD’s 2014-2018 strategic plan, Golding has been leading an initiative at HUD to work with other agencies, Congress and stakeholder groups on housing finance reform.

The goal is to create “a sustainable housing finance system” that minimizes taxpayer risk and focuses the government’s role on “a more targeted market of underserved borrowers” by:

  • Creating a legislative framework to wind down Fannie Mae and Freddie Mac “in a measured and careful manner.”
  • Focusing FHA on maintaining access to capital for homeowners and multifamily project owners through all economic cycles.
  • Formulating rules to enhance access to financing for creditworthy borrowers and promote the revival of the private-label mortgage sector, with “enhanced safety mechanisms for both consumers and investors.”

Email Matt Carter.

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription