Tuesday, April 16, 2013

Watt still at the top of the list for FHFA

Though a couple other names have been floated of late, U.S. Rep. Mel Watt, the Charlotte Democrat, remains at the top of the list to be named director of the Federal Housing Finance Agency, according to Politico this morning.

The FHFA oversees mortgage giants Fannie Mae and Freddie Mac. The two have been struggling under the weight of thousands of delinquent loans.

Watt has served for two decades on the House Financial Services Committee.

Other names have included economist Mark Zandi of Moody’s Analytics, Ginnie Mae president Ted Tozer and Penn professor Susan Watcher.