Senator Bob Menendez, sent a letter to Treasury Secretary Steven Mnuchin to address the dwindling capital reserves of Fannie Mae and Freddie Mac.
Senator Booker asked Mel Watt, who was sworn in as director of the FHFA, to begin contributions from Fannie and Freddie to the NHTF, in accordance with the Housing and Economic Recovery Act of 2008.
Paves the Way for Funding NHTF On December 10, 2013, housing advocates celebrated a major victory when the U.S. Senate confirmed Representative Mel Watt (D-NC) as the new director of the Federal Housing Finance Agency. Mr. Watt’s confirmation was heralded as “a great day for the millions of low income Americans in need of decent, […]
Mr. Watt has been a stalwart supporter of the NHTF and low-income people; his confirmation enjoys broad support from civil rights groups, housing advocates, and leaders in the banking and mortgage industries.