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15 Dec 08 Obama Announces Shaun Donovan to be HUD Secretary

President-elect Barack Obama has named a former commercial mortgage executive as his choice to head the U.S. Department of Housing and Urban Development. This will be the second term at HUD for the nominee.

 

In a weekly radio address Saturday, Obama announced his nomination of Shaun Donovan as HUD secretary, according to a transcript of his prepared statement. Donovan currently serves as commissioner of New York City’s Department of Housing Preservation and Development.  The HUD nomination is a more important nomination than most years, because the HUD secretary is sure to play a key role in cleaning of the mortgage industry in hopes of ending the foreclosure crisis.  Get the latest mortgage news online.

httpv://www.youtube.com/watch?v=11gmqODMX44

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