Julian Castro, mayor of San Antonio, speaks during an interview inside the Bloomberg Link during day three of the Democratic National Convention (DNC) in Charlotte, North Carolina, U.S., on Thursday, Sept. 6, 2012. Four years after the nation made history by electing him the first African-American president, Barack Obama asked for a second term with a pledge to keep rebuilding a battered economy in a way that may be harder but it leads to a better place. Photographer: David Paul Morris/Bloomberg *** Local Caption *** Julian Castro
David Paul Morris/Bloomberg
The Senate Banking Committee approved Julian Castro, the mayor of San Antonio, on Wednesday to head the Department of Housing and Urban Development.
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The committee voted 16-6 in favor of Castro, who testified at a confirmation hearing earlier this month that he would work to help pass housing finance reform in Congress. He also said he would continue to strengthen the finances of the Federal Housing Administration to avoid another government infusion like that required last year the first in the agency’s 80-year history.
Castro’s nomination now moves to the Senate floor. If confirmed, he will succeed Shaun Donovan, who has been nominated to head the Office of Management and Budget.
The filing alleges TWO executives engaged in a "stealth mission" to get the deal canceled, including subverting participation in a March shareholder vote.
Some equity and credit agency researchers have lowered their sights in line with market changes, but their forecasts suggest stability for those that pivot.
The new record arrives after five months of annual home-price growth, which surged to its highest in more than a year, according to ICE Mortgage Technology.
The arm of the asset management giant is paying over $100 million for the Cherry Hill business started in part with Freedom Mortgage over a decade ago.
