Carol Galante Confirmed To Federal Housing Administration Post By Senate

WASHINGTON, Dec 30 (Reuters) - The U.S. Senate on Sunday confirmed the head of the Federal Housing Administration in her position despite mounting losses from souring loans at the mortgage funding agency that some fear could eventually lead to a taxpayer bailout. In a 69-24 vote, the Senate confirmed Carol Galante as an assistant secretary of the Department of Housing and Urban Development. Galante had been running the FHA in an acting capacity since July 2011. The FHA, a key source of mortgage ...