Inventory
info icon
Single family homes on the market. Updated weekly.Powered by Altos Research
721,576-14142
30-yr Fixed Rate30-yr Fixed
info icon
30-Yr. Fixed Conforming. Updated hourly during market hours.
6.97%0.01
Reverse

Gruenberg Tapped to Be Next FDIC Chairman

President Barack Obama announced last week that he will nominate Martin Gruenberg to become chairman of the Federal Deposit Insurance Corp (FDIC).

 

Gruenberg, who currently serves as vice chairman of the FDIC would replace Sheila Bair who's five-year term ends on July 8th.  Earlier this year, Bair announced that she did not intend to pursue a second term to lead the banking regulator.

Tim Johnson (D, SD) chairman of the Senate Banking Committee expressed support for the nomination, and pledged to move it quickly through the committee.

"I am confident that his intellect and years of experience in financial services, including distinguished service on the staff of the Senate Banking Committee, will make him an outstanding chairman," Johnson said. "I plan to move his nomination through the banking committee as quickly as possible, and I hope he will be swiftly confirmed by the full Senate. It is vital that we have strong leaders in place at our financial regulators as we continue the economic recovery."

Gruenberg joined the FDIC as vice chairman in 2005.  Prior to this role, he served as senior counsel to Senator Paul Sarbanes (D, MD) and on the Senate Banking Committee staff from 1993 to 2005.

Most Popular Articles

Latest Articles

Lower mortgage rates attracting more homebuyers 

An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s […]

3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please