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...
