Top Obama Housing Official Carol Galante to Step Down
Posted on AllSides August 12th, 2014
From The Center
A top government housing official plans to step down toward year's end, a move that would leave a void at a critical time for the Obama administration as it struggles to expand access to mortgage credit.
Carol Galante, the commissioner of the Federal Housing Administration, steered the agency through a turbulent period in which it was forced to seek last year the first congressional appropriation in its history amid rising mortgage losses.
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