Smith Goes To Washington As Housing Finance Head

Law360, New York (November 12, 2010, 4:51 PM EST) -- President Barack Obama has selected North Carolina Commissioner of Banks Joseph A. Smith to take the helm at the Federal Housing Finance Agency, where he will step into a busy role as the conservator for the troubled government-backed lenders Freddie Mac and Fannie Mae.

Smith has served as the North Carolina commissioner of banks since June 2002, according to Friday’s announcement of his nomination.

In that position he oversaw the supervision of banks and thrift institutions, the licensing and regulation of companies and individuals engaged in...
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