May 8, 2013
Rep. Melvin Watt, a senior member of the House Financial Services Committee and former chairman of the Congressional Black Caucus, played an influential role in the passage of a financial regulatory overhaul in 2010. That legislation, however, did not address the fate of the major mortgage lenders, an issue likely to come up during Obama's second term.
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Obama Chooses NC's Rep. Melvin Watt for Housing Post
President Barack Obama nominated veteran Rep. Melvin Watt to head the Federal Housing Finance Agency,...