Obama's FHFA Pick Hangs In Balance Of Fannie, Freddie Battle

Law360, New York (May 1, 2013, 7:39 PM EDT) -- In choosing Rep. Mel Watt, D-N.C., to lead the Federal Housing Finance Agency, President Barack Obama put the veteran lawmaker at the center of a battle over the future of Fannie Mae, Freddie Mac and the role of government in the housing market that could hurt Watt's chances at confirmation.

Watt's nomination to head the agency charged with overseeing Fannie Mae and Freddie Mac has drawn responses from lawmakers and activist groups that highlight the partisan fight that lies ahead. Democrats and consumer advocates applauded the...
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