William Maloni Offers Thoughts and Insight on What Congressman Mel Watt Might Do, Now

Lots of FHFA Action This Week
Some charged developments likely coming this week, including possible Senate approval of Mel Watt to be the new Director of the federal Housing Finance Agency (FHFA), F&F’s regulator [he is confirmed as of this post].

Most people believe this now is a baked in concrete deal, but there was an interesting wrinkle which came up at the end of the week.

Reportedly, Mr. (Congressman) Watt, who loses the title officially if he takes over the agency but in fact never gives up the honorific, asked Ed DeMarco, the current acting Director, to stay on board awhile in a transition.

Read the Full Blog Post >>

UPDATE: Senate confirms Mel Watt to key housing post

WASHINGTON — The Senate confirmed Mel Watt as director of the Federal Housing Finance Agency on Tuesday, ending a long battle by Democrats to change leadership of the entity that regulates Fannie Mae and Freddie Mac.

Read the Full Article in the Los Angeles Times:

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