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White House to Nominate Rep. Watt to Housing Agency, GOP Opposition Likely
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Candidate
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| Contributor | TX DEM |
| Last Edited | TX DEM May 01, 2013 09:14am |
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| Category | News |
| News Date | Wednesday, May 1, 2013 03:00:00 PM UTC0:0 |
| Description | The White House plans to name Rep. Melvin Watt to lead the Federal Housing Finance Agency, the regulator that oversees Fannie Mae and Freddie Mac, but the initial response from lawmakers and industry representatives suggest a sharp political fight over his confirmation.
A White House official confirmed to CQ Roll Call that the North Carolina Democrat on Wednesday will be announced as the choice to take over the agency that is on the frontlines of federal housing policy. He would replace Edward J. DeMarco, who has been at odds with the Obama administration on major housing finance issues since becoming acting director in 2009. |
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