The U.S. Senate has voted to confirm Rep. Mel Watt (D-NC) to lead the Federal Housing Finance Agency by a vote of 57 to 41.
National Urban League President and CEO Marc H. Morial issued the following statement applauding Rep. Watt's confirmation.
“We applaud the confirmation of Rep. Mel Watt as Director of the Federal Housing Finance Agency (FHFA). With more than four decades of experience in housing and finance and a strong grasp of the issues confronting home owners and banks, we believe Rep. Watt is the right man at the right time to lead the FHFA and help it fulfill its mission to promote a strong and sustainable housing market.
Click here to read the full article on the National Urban League Washington Bureau website.