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Wednesday, May 1, 2013

Obama Expected to Nominate Watt to FHFA Post

President Obama today is expected to nominate Rep. Mel Watt (D-N.C.) to be director of the Federal Housing Finance Agency, according to press reports. Watt, who currently serves on the House Financial Services Committee, would replace Edward DeMarco, who has served as the agency's acting director since 2009.