» Find all books written by Mel Martínez on Amazon.com
Martínez also surprised some when he spoke at the annual convention of the Mortgage Bankers Association of America during his first year as HUD Secretary. He told his audience that consumers needed more protection regarding mortgage-industry fees, and urged the group to comply. "Too many home buyers are taken advantage of at closing," Knight-Ridder/Tribune Business News writer John Handley quoted Martínez as saying. "Too many American families sit down at the settlement table and discover unexpected fees that can add thousands of dollars to the cost of their loan." Martínez said that some of the mortgage paperwork should include an exact description of the mortgage broker's services, and how much the broker will earn on the deal. "When you are committing to the biggest financial expenditure of your life, you should know all the costs up front," he declared.
In early 2002 Martínez was instrumental in securing a $700 million grant for New York State from HUD's Community Development Block Grant program. The money was given to help in the rebuilding of Lower Manhattan, devastated by the attacks on the World Trade Center. "It's the largest single grant in the history of our department," Martínez told New York Times writer Robert Pear. "We worked hard to get it out as quick as we could. The focus is on economic development, with a particular emphasis on small business." Around the same time, the HUD Secretary also spoke before Budget Committee senators regarding the Bush administration's proposed fiscal 2003 budget. It included an increase for HUD's Section 8 program that would yield 34,000 new Section 8 rental-assistance vouchers, but there were an estimated one million families on a waiting list for them. The proposed budget would also earmark $150 million in federal funds for a program to help first-time low-income home buyers.
Martínez and his wife Kitty, whom he met in college, have three children and have become foster parents to Cuban and Vietnamese refugee children. His brother Rafael is also an attorney. Martínez believes he brings a unique perspective to HUD, one of the cabinet departments created during the mid-1960s by a civil-rights-minded political leadership. "I will try to be someone who shows a very caring heart, for people that are hurting, for people who may be homeless or in a less than desirable housing situation," he told the Washington Post's Nakashima. "I myself in my own life experienced what it's like not to have a lot, not to be in a position where you couldn't do without the help of others."
Sources
Bond Buyer, December 14, 2001, p. 5; January 23, 2002, p. 5; February 14, 2002, p. 5.
Knight-Ridder/Tribune Business News, October 28, 2001.
Los Angeles Times, December 21, 2000, p. A32.
Mortgage Banking, February 2001, p. 13.
Nation's Cities Weekly, March 12, 2001, p. 8.
New York Times, December 21, 2000; February 3, 2002, p. 32.
Orlando Business Journal, May 18, 2001, p. 1; October 5, 2001, p. 3.
St. Louis Post-Dispatch, April 12, 2001, p. A11.
St. Petersburg Times, January 17, 2001, p. 1A.
U.S. Newswire, September 17, 2001.
Washington Post, February 21, 2001, p. A21.
—Carol Brennan
User Comments Add a comment…