Brian Montgomery, the former No. 2 officer in the Department of Housing and Urban Development, has returned as a director of the Radian Group.
He became director again on June 7th when Radian's board of directors voted to increase the membership by one and nominated him as the seat.
Between 2012 and 2017, prior to a second round as Federal Housing Commissioner – overseeing Radian's government-run competitor – Montgomery was on the board of directors of the private mortgage insurer.
"Brian's tremendous expertise and ingenuity have been of great value to the HUD, and so has his return to the Radian board," Radian chairman Herb Wender said in a press release.
CAROL T. POWERS / CAROL T. POWERS FOR BLOOMBERG NE
After serving as assistant assistant to former President George W. Bush, Montgomery was elected Federal Housing Commissioner by the US Senate in June 2005, a position he held for four years, including the first six months of the Obama administration.
Later in 2009, Montgomery and former Ginnie Mae President Joe Murin founded a consulting firm, the Collingswood Group. In May 2012, Montgomery was elected to the company's board of directors by Radian shareholders.
He stayed with Collingswood after it was bought by what is now SitusAMC in 2017. Later that year, he was nominated by President Trump to return to the top position in the FHA, but the Senate didn't approve Montgomery until May 2018, as some Democrats turned down his ties with the mortgage industry when he was in Collingswood.
After he was nominated, Montgomery left Collingswood and the Radian board of directors.
In October 2019, after serving as Assistant HUD Secretary since Pam Patenaude's resignation in January, then-President Donald Trump officially nominated Montgomery for the post, but it was not confirmed until May 2020. He resigned as President on January 20, 2021 Joe Biden was inaugurated.