Obama to nominate Mel Watt for housing post
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Mel Watt
Posted: Wednesday, May 1, 2013 12:02 am | Updated: 12:45 am, Wed May 1, 2013.
Associated Press |
WASHINGTON — President Barack Obama intends to nominate Rep. Melvin Watt to head the Federal Housing Finance Agency, the government regulator that oversees lending giants Fannie Mae and Freddie Mac, a White House official said Tuesday.
If confirmed by the Senate, Watt, D-N.C., a 20-year veteran of the House, would replace Edward DeMarco, an appointee of President George W. Bush who has been a target of housing advocates, liberal groups and Democratic lawmakers. |