As I was perusing the real estate news this morning I happened upon the Washington Post article about the confirmation hearings for David Steven as head of the FHA. In part it read:
A Senate Banking Committee vote to confirm David H. Stevens as head of the Federal Housing Administration was postponed yesterday after concerns were raised about lawsuits involving Long & Foster, the Washington-area real estate brokerage where Stevens has been president for seven months. You can read the whole story at http://tiny.cc/AvesQ
The story goes on to say that even though Steven's was the President of Long & Foster for a while, he didn't believe that the alleged practice of pressuring agents to use Prosperity Mortgage, a company-owned mortgage company, was illegal. The Justice Department apparently agrees with him, so long as kickbacks to the agents weren't involved and agents weren’t actually required to use the internal mortgage provider. It is apparently a legal, if somewhat unseemly practice for the apparent new head of the FHA to be espousing.
I suppose that if the people in Washington started looking for someone without any hint of a taint in their backgrounds, they would join Diogenes in an endless search.
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