End Watt’s Wait
Rep. Watts (D-NC) has been nominated as the permanent director of the Federal Housing Finance Agency (FHFA)
Writes National Housing Institute’s president John Atlas,
“An immediate appointment of Watt is needed if we are to keep families facing foreclosure in their homes by FHFA doing things like reducing principal on underwater mortgages.”
Immediately following Booker’s swearing in, the Senate took a cloture vote hoping to end the Republican’s filibuster to keep Rep. Watt from being confirmed. Fifty-six senators voted to confirm Watt, but Republicans were able to block his nomination because 60 votes are needed to break a filibuster.
Atlas makes that case for how “Now is the time for Booker to show some leadership in the Senate … If Booker supports such an effort, he will be acting like a leader and helping New Jersey’s endangered homeowners.”