President Barack Obama, right, congratulates Rep. Mel Watt after nominating him to be the next director of the Federal Housing Finance Agency
President Barack Obama, right, congratulates Rep. Mel Watt after nominating him to be the next director of the Federal Housing Finance Agency MCT
President Barack Obama, right, congratulates Rep. Mel Watt after nominating him to be the next director of the Federal Housing Finance Agency MCT

Obama pick of Rep. Mel Watt to regulate mortgage finance sparks controversy

May 01, 2013 03:16 PM

UPDATED May 01, 2013 05:33 PM

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