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Apr 02, 2025
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Obama taps Representative Watt as US housing regulator
Asad Naeem
01 May, 2013
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![](https://i.brecorder.com/images/2013/05/obama4.jpg">WASHINGTON: US President Barack Obama on Wednesday nominated a veteran Democratic congressman to oversee mortgage financiers Fannie Mae and Freddie Mac , a choice that could set up a contentious political debate over housing policy.</P><P>Representative Mel Watt, a longtime consumer advocate who serves on the House Financial Services Committee, understands the roots of the housing crisis, Obama said at the White House.</P><P>)