24/7 Newsfeed

Put Reason 24/7 on Your Site

RSS

Follow Reason 24/7 on Twitter and via RSS

Obama Will Nominate Rep. Watt to Head Housing Regulator

President Barack Obama on Wednesday will nominate Rep. Mel Watt for a key housing position, but his chances of confirmation face long odds as Republicans and the administration continue to sharply disagree over what to do with bailed out mortgage giants Fannie Mae and Freddie Mac.

Watt (D-N.C.) is being nominated to be director of the Federal Housing Finance Agency, the regulator of Fannie and Freddie, and would replace Edward DeMarco who is the acting director, according to a White House official.

Source: Politico. Read full article. (link)

Editor's Note: We invite comments and request that they be civil and on-topic. We do not moderate or assume any responsibility for comments, which are owned by the readers who post them. Comments do not represent the views of Reason.com or Reason Foundation. We reserve the right to delete any comment for any reason at any time. Report abuses.

advertisement