Housing industry praises newly confirmed HUD deputy

The Senate confirmed Pam Patenaude as the next deputy secretary of the Department of Housing and Urban Development, and the U.S. housing industry heaped praise on her. Patenaude, currently the president of the J. Ronald Terwilliger Foundation for Housing America’s Families, will handle most of the day to day operations for HUD. “She brings with her deep knowledge of real-estate finance and housing issues, and has the right experience to be successful in this job,” David Stevens, president and CEO of the Mortgage Bankers Association said. [Housing Wire]