Tags: housing | chief | fight | looms

Fight Over Housing Chief Looms Large

Image: Fight Over Housing Chief Looms Large U.S. Rep. Mel Watt, D-N.C.

Monday, 06 May 2013 01:16 PM

By John Gizzi

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
No sooner had President Barack Obama made the surprise nomination last week of Democratic Rep. Mel Watt of North Carolina to head the Federal Housing Finance Agency than Republican senators signaled they were gearing up for a confirmation battle.

Republican Sen. Bob Corker of Tennessee told reporters he "could not be more disappointed" in the selection of the 20-year lawmaker to be the top regulator for mortgage titans Fannie Mae and Freddie Mac.

While Corker wants any nominee for the FHFA to first submit plans for closing Fannie and Freddie, President Barack Obama said that the congressman would work to "give more Americans in low-income neighborhoods access to affordable housing."

Meanwhile, Senate Democrats primarily want to see the exit of Edward DeMarco, career government official and acting FHFA director since 2009, because he has steadfastly refused to reduce the principal on mortgages backed by Fannie and Freddie.

John Gizzi is a special columnist for Newsmax.com.





© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Newt Gingrich: Obama Trying to Provoke GOP to Impeach Him

Tuesday, 29 Jul 2014 17:32 PM

Former House Speaker Newt Gingrich eviscerated President Barack Obama's "pathetic presidency" Tuesday, saying any execu . . .

Military to Oversee Plagiarism Probe Against Democrat's Sen. Walsh

Tuesday, 29 Jul 2014 16:41 PM

The Department of Defense has taken the unusual step of overseeing a plagiarism investigation being conducted by the U.S . . .

GOP Highlighting Lack of Action in Democratic Senate

Tuesday, 29 Jul 2014 15:08 PM

With more incumbents facing re-election, Senate Democrats are growing more concerned about the lack of progress on passi . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved