Andrew Cuomo, head of the Department of Housing and Urban Development, is likely to leave by the end of the year to lead Vice President Gore's expected presidential campaign, according to a report Thursday by Mortgage Marketplace, an American Banker newsletter.

Citing sources on Capitol Hill, the report said the move is a "a near certainty" because of the friendship between the two men. It cautioned, however, that Mr. Cuomo might choose instead to run for the Senate should Sen. Patrick Moynihan, D-N.Y., opt against running for a fifth term.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.