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Mel WattThis just in from the good folks at the Center for Responsible Lending:

NC’s Rep. Mel Watt receives early and bipartisan support to head FHFA
Agency oversees financial enterprises with $6.7 trillion in assets

By Charlene Crowell

President Obama recently nominated Melvin (Mel) Watt, a long-time North Carolina Congressman, to direct the operations of the Federal Housing Finance Agency (FHFA). While major news media reported on the development, few mentioned exactly what the new job would entail or the significance of an African-American potentially leading a key financial office.   Read More