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HUD Quietly Promotes Controversial Ex-CFPB Official

The Department of Housing and Urban Development (HUD) has reportedly promoted Eric Blankenstein to acting executive vice president at Ginnie Mae.

HUD did not issue a press statement on Blankenstein’s promotion, but the news site Politico obtained an internal agency email from HUD Assistant Secretary Seth Appleton, Ginnie’s principal executive vice president, that reported the news.
“Secretary [Ben] Carson and I have confidence in Eric as he assumes this new role,” Appleton wrote in the email to the HUD staff. “I am certain that Eric will be a strong advocate for the important work that you do before HUD’s leadership and within the administration.”
Blankenstein will also receive a slight raise, according to what Politico described as “a HUD official with knowledge of the matter.”
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