Federal Housing Administration Commissioner Carol Galante will step down later this year to take an academic post at the University of California at Berkeley.

"I have decided to leave HUD and my role as the Assistant Secretary Housing/FHA Commissioner toward the end of this year," Galante said in a note to staff Monday.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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