Lawmaker Battles GOP Resistance To His FHFA Nomination

Law360, New York (June 27, 2013, 2:34 PM EDT) -- Rep. Mel Watt, D-N.C., President Barack Obama's choice to lead the Federal Housing Finance Agency, on Thursday defended his qualifications to oversee Fannie Mae, Freddie Mac and the re-creation of the housing finance market in the face of Republican opposition to his nomination.

At an emotional confirmation hearing before the Senate Banking Committee, Watt said that judgment and vision were more important than having a technical background in the housing finance market to lead the FHFA. Watt said that he can hire staff to handle the...
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