Julián Castro pushes back against liberal critics

*Castro on criticism of his handling of HUD’s Distressed Asset Stabilization Program: “Just shouting ‘Wall Street,’ sloganeering in a way, does not go to the merits of the program and how it’s working and how we can actually improve it.” VL

By Mike Lillis, The Hill

The head of the Department of Housing and Urban Development (HUD) has come under fire recently from left-leaning groups critical that the agency is selling troubled mortgages to hedge funds and other Wall Street interests, a move the critics fear will create another foreclosure crisis.

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But Castro, who is widely considered a vice presidential prospect for the Democratic ticket this year, says those concerns have been blown out of proportion.

In an interview with New Yorker Editor-in-Chief David Remnick, Castro acknowledged that private banks have been snapping up the mortgages through HUD’s . . . READ MORE