On Tuesday by a 57-41 vote, the Senate confirmed Rep. Mel Watt (D-NC) to be the next director of the Federal Housing Finance Agency (FHFA). He becomes the first FHFA Director - which serves as conservator and regulator of Fannie Mae and Freddie Mac - since August 2009. Edward DeMarco has served in an acting capacity for more than four years. It is expected that Watt will be officially sworn in by the end of the week.
MHI Action Alert