Senate Blocks Confirmation of Mel Watt- 97 California Orgs Likely Disappointed in Today’s Vote

Fannie and Freddie

The Wall Street Journal reports that Mel Watt’s confirmation to lead the FHFA was blocked by Republican Senators today.

This vote was important because of the considerable market space occupied by Fannie and Freddie (overseen by FHFA), and the current director’s stance against helping homeowners.

To learn more about why homeowners, housing counselors, and housing advocates have been calling for new leadership at the FHFA, read CRC’s March 2012 letter to Acting Director Ed DeMarco:  97 California Organizations Demand Immediate Foreclosure Policy Changes from FHFA 

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