President Obama has named Carol Galante as the acting commissioner of the Federal Housing Adminstration, effective Tuesday. The appointment makes Galante, 56, the second consecutive acting commissioner since April to head the agency, which guarantees residential mortgage loans for low-income borrowers. She was previously deputy assistant secretary for multifamily housing at the FHA’s parent, the Department of Housing and Urban Development.
Obama names new acting head of FHA
Most Popular Articles
Latest Articles
Pennymac posts first-quarter profit of $39M
Loan production income shrank in the first quarter, but the company’s servicing business continues to grow
-
DOJ charges one of America’s top LOs in alleged mortgage fraud scheme
-
Top Producer Review: Features, pricing & alternatives
-
A&D Mortgage names new servicing manager
-
HUD aims to help protect communities from extreme heat
-
Freedom Mortgage founder addresses ’extraordinary’ credit profiles, profitability and products