tsai3904
04-30-2013, 09:27 PM
Housing industry officials expect President Barack Obama to nominate Representative Mel Watt, a Democrat from North Carolina, as director of the Federal Finance Housing Finance Agency as early as tomorrow, according to three people briefed on the matter.
The White House has been struggling to find a replacement for Edward J. DeMarco, who has served as acting director since 2009. FHFA is charged with oversight of Fannie Mae and Freddie Mac (FMCC), the two mortgage financing companies that were taken into U.S. conservatorship as a result of the housing crisis.
http://www.bloomberg.com/news/2013-05-01/obama-said-to-choose-watt-to-lead-fannie-mae-regulator.html
Mel Watt was the leading advocate against Ron's Audit the Fed bill in 09. His district contains the headquarters of Bank of America.
The White House has been struggling to find a replacement for Edward J. DeMarco, who has served as acting director since 2009. FHFA is charged with oversight of Fannie Mae and Freddie Mac (FMCC), the two mortgage financing companies that were taken into U.S. conservatorship as a result of the housing crisis.
http://www.bloomberg.com/news/2013-05-01/obama-said-to-choose-watt-to-lead-fannie-mae-regulator.html
Mel Watt was the leading advocate against Ron's Audit the Fed bill in 09. His district contains the headquarters of Bank of America.