"Mel Watt Picks Up GOP Backing As White House Loan-Forgiveness Scheme Gets Validation"

[applegrove]

Mel Watt Picks Up GOP Backing As White House Loan-Forgiveness Scheme Gets Validation

http://www.huffingtonpost.com/2013/05/01/mel-watt-loan-forgiveness_n_3196780.html?1367454922&ncid=txtlnkushpmg00000067

"SNIP............................

BOSTON -- The White House, long bedeviled by shortcomings in its housing programs, received two boosts Wednesday when its pick to lead a key housing agency received support from some Republican lawmakers and its approach to aiding the housing recovery was validated by an independent government agency.

Mel Watt, President Barack Obama’s choice to oversee the the Federal Housing Finance Agency, was endorsed by Sen. Richard Burr (R-N.C.) and praised by Rep. Spencer Bachus (R-Ala.), a former House Financial Services Committee chairman, shortly after Obama announced that he wanted the 11-term Democratic Congressman from North Carolina to lead the agency, which oversees government-controlled mortgage financiers Fannie Mae and Freddie Mac.

“Congressman Watt has played an integral role in the financial services committee's deliberations on housing policy and is known as a serious and substantive legislator,” Bachus said. “In my experience working with him on a variety of issues, I have always personally respected Congressman Watt for his intellect, attention to detail, and dedication to serving the public."

.....................

Democrats and liberal groups cheered Watt, and House Minority Leader Nancy Pelosi (D-Calif.) praised the longtime lawmaker and consumer advocate. Many also expressed joy that the FHFA's current acting chief, Edward DeMarco, may soon be shown the door.



...........................SNIP"

[Cha]

1. Thanks applegrove~

President Obama congratulates U.S. Rep. Mel Watt (D-NC) after nominating him to be the next director of the Federal Housing Finance Agency

http://theobamadiary.com/