MBA Advocacy Update: May 7, 2013
President Obama punctuated an otherwise quiet week in Washington by nominating Mel Watt, an 11-term Democratic congressman from Charlotte and Greensboro, N.C., to serve as director of the Federal Housing Finance Agency.
The nomination sets up what could be a difficult confirmation process, with key Republicans on the Senate Banking Committee already announcing their opposition to Watt. If confirmed, Watt would replace Acting Director Ed DeMarco, who has led the agency on an inte
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