November 19, 2025

Ahead of Committee Vote, Warren Releases Troubling Responses from Trump’s Housing, Treasury, FDIC Nominees

Text of Gormley Response (PDF) | Text of Cassidy Response (PDF) | Text of Hollis Response (PDF) | Text of Hill Response (PDF)

Washington, D.C. – Ahead of the committee vote, U.S. Senator Elizabeth Warren (D-Mass.), Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, released the troubling responses from President Donald Trump’s nominees to the Questions for the Record (QFRs) she submitted following their respective confirmation hearings on October 30, 2025.

HUD President of the Government National Mortgage Association Nominee Joseph Gormley

Ranking Member Warren’s questions to Joseph Gormley, President Trump’s nominee for President of HUD’s Government National Mortgage Association, focused on the effects of staff cuts at Ginnie Mae, nonbank risks, and potential housing finance reforms. In his responses, Mr. Gormley refused to acknowledge the potential effects of Trump’s efforts to reprivatize Fannie Mae and Freddie Mac on Ginnie Mae. Specifically, Gormley declined to “speculate about a hypothetical,” despite the Administration’s publicly stated plans to reprivatize Fannie and Freddie as early as the end of this year, which would affect the entire housing finance ecosystem. Mr. Gormley also pointedly refused to answer whether he had signed a loyalty pledge to President Trump.

See Gormley’s responses HERE.

HUD Assistant Secretary Nominee Francis Cassidy

Ranking Member Warren pressed Francis Cassidy, nominee for Assistant Secretary of HUD, on Trump’s proposed HUD funding cuts, Cassidy’s failure to leverage public input in the policymaking process, eliminating language access requirements, and other questionable decisions made during his time at HUD. In his responses, Mr. Cassidy doubled down in his support for the Trump Administration’s plans to eliminate the federal housing rental assistance budget and put more pressure on already-limited state budgets. He also refused to acknowledge how rolling back language access requirements could increase foreclosures and taxpayer losses, similar to what happened during the post-2008 foreclosure crisis. Mr. Cassidy also refused to answer whether he had signed a loyalty pledge to President Trump.

See Cassidy’s responses HERE.

Treasury Director of the Mint Nominee Paul Hollis

Ranking Member Warren’s questioning of Paul Hollis, nominee for Director of the Mint at the Treasury Department, centered on staffing at the Mint, the elimination of the penny, and a proposed $1 coin with President Trump’s image. In his responses, Mr. Hollis refused to comment on concerns portraying living people, in particular presidents, on circulating coins, and would not comment on his views or the impacts on consumers of the elimination of the penny.

See Hollis’s responses HERE.

FDIC Chairperson of the Board of Directors Nominee Travis Hill

In her questions to Travis Hill, President Trump’s nominee for Chairperson of the Board of Directors at FDIC, Ranking Member Warren pressed Hill on deregulatory efforts during his time at the FDIC, issues posed by pending stablecoin reforms, and workplace culture issues at the FDIC. In his responses, Mr. Hill fully embraced President Trump’s Wall Street deregulatory agenda that is setting the stage for more taxpayer bailouts and financial crashes. In addition, Hill has repeatedly refused to provide the monthly Independent Transformation Monitor reports, which detail the agency’s effort to address its toxic workplace, to Congress.

See Hill’s responses HERE.

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