Congressman Chaka Fattah (D-PA) releases the following statement on the nomination of his friend and colleague to head the Federal Housing Finance Agency:
"The President could have made no better choice than to select Representative Mel Watt as the new Federal Director of the Federal Housing Finance Agency. His years as a small business owner, lawyer, state legislator and Member of the U.S. House of Representatives lay tribute to his dedication and commitment to the consumer. A champion of the poor, Mel has been keenly focused on expanding economic opportunities for all Americans. For decades he has worked to shield homeowners from predatory lenders and hold responsible those finance companies who deal in deceptive and discriminatory practices. I support the President's nomination of Mel Watt to head the Federal Housing Finance Agency and am proud to call him my colleague and my friend.