Relevant:
- Revolving Door of FHA Leadership Continues as Carol Galante is Named Acting Commissioner
- Cordray nomination expected to be challenged by Senate Republicans
- House passes sweeping tax bill; Teeing Senate Up For Battle
- Senate Presses HUD Secretary on FHA Troubles
- Senate Health Bill Tottering as C.B.O. Weighs In: 22 Million More Expected Uninsured
2011-12-13 — wsj.com
"The Senate Banking Committee voted Tuesday to approve Carol Galante as an assistant Housing and Urban Development secretary and head of the FHA. Her nomination, however, was approved only by a 13-9 vote. Many Republicans voiced concerns about the FHA's deteriorating financial health after an independent audit warned last month that the agency could soon run out of money and require a taxpayer bailout."
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