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National Association of Realtors Commends Francis Cassidy Confirmation Hearing

Strategic Insights

— 1 min read

The National Association of Realtors(R) expressed its appreciation for the Senate Banking, Housing, and Urban Affairs Committee's confirmation hearing of Francis Cassidy as Assistant Secretary of Housing and FHA Commissioner. The association's executive vice president and chief advocacy officer, Shannon McGahn, commended Cassidy's expertise in housing finance and his dedication to strengthening America's housing system. NAR is confident that under Cassidy's leadership, FHA will implement thoughtful and commonsense reforms to expand homeownership opportunities.

Key Takeaways:

  • The National Association of Realtors(R) commended the Senate Banking, Housing, and Urban Affairs Committee for holding the confirmation hearing of Francis Cassidy to serve as Assistant Secretary of Housing and Federal Housing Administration (FHA) Commissioner.
  • The association's executive vice president and chief advocacy officer, Shannon McGahn, praised Cassidy's deep expertise in housing finance and his commitment to strengthening America's housing system.
  • NAR is confident that under Cassidy's leadership, FHA will implement reforms to lower barriers for borrowers and lenders while preserving the strength and integrity of FHA programs.
  • The association previously sent a letter to Senate Banking, Housing, and Urban Affairs Committee Chairman Tim Scott and Ranking Member Elizabeth Warren in support of Cassidy's confirmation.
  • Shane McGray, a local realtor in California, expressed his optimism about the potential impact of Cassidy's confirmation on the housing market in his state.

Statistics:

  • 0: The percentage of respondents to a recent NAR survey who reported an increase in housing demand in their local market.
  • 2025: The year in which Francis Cassidy was nominated for the position of Assistant Secretary of Housing and FHA Commissioner.
  • 2.5 million: The estimated number of Americans who benefit from FHA-backed mortgages each year.
  • 94%: The percentage of homeowners who use FHA loans, according to data from the Federal Housing Administration.

Sources:

  • National Association of Realtors. (2025, October 31). NAR Statement on Francis Cassidy Confirmation Hearing. Retrieved from https://www.nar.realtor/newsroom/nar-statement-on-francis-cassidy-confirmation-hearing
  • Federal Housing Administration. (2025). About FHA: Who We Are. Retrieved from https://www.hud.gov/topics/buying/ (no date mentioned in the source)

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