Mel Watt Confirmed as Federal Housing Finance Director
On Tuesday, December 10, the Senate confirmed Representative Mel Watt (D-NC) as the new director of the Federal Housing Finance Agency (FHFA). The Federal Housing Finance Agency oversees Fannie Mae, Freddie Mac, and the Federal Housing Administration, Representative Watt will have a critical role in the future of our nation’s housing policy.
This confirmation is encouraging news for many low-income Americans, still struggling in the wake of the recession. Rep. Mel Watt has a strong track record standing against predatory lending and supporting affordable housing opportunities in low-income communities; also those still seeking mortgage relief. We look forward to Representative Watt as he leads the FHFA in a new and promising direction.
