On September 16, HUD Secretary Julian Castro spoke at the Bipartisan Policy Center 2014 Housing Summit on the principles his department intends to implement in order to improve the economy. Castro focused on housing reform and referenced the “frustration from lenders when it comes to their FHA business” that the department has seen in the wake of the financial crisis. Castro assured the Summit that his department intends to work with the lenders to better manage their risk, pointing out that “[s]ome believe it was too easy to get a home loan [a few years ago]. Today it’s too hard.” The department’s overhaul of its “Single Family Handbook” will clarify the compliance process, helping lenders “better identify loan defects and determine how serious those loan defects are.”