| WASHINGTON, June 25
WASHINGTON, June 25 A U.S. Senate panel on
Wednesday approved San Antonio Mayor Julian Castro to lead the
Department of Housing and Urban Development, clearing the way
for a final vote in the full Senate.
If confirmed in the post, as expected, Castro would be in
position to push the Obama administration's plan to wind down
mortgage finance giants Fannie Mae and Freddie Mac
, an effort that has stalled in Congress.
The Senate Banking Committee voted 16-6 to place Castro at
the helm of the agency in charge of U.S. housing at a time when
the market's recovery remains wobbly and still-tight lending
terms are making it hard for many Americans to obtain mortgages.
(Reporting by Elvina Nawaguna; Editing by Paul Simao)