U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan released the following statement on the Senate confirmation of Rep. Mel Watt for Director of the Federal Housing Finance Agency (FHFA):
"Today's confirmation of Mel Watt represents an important step for our housing market's continued recovery. After decades in both the public and private sectors, Mel has developed a proven track record of protecting consumers, fighting abuses, championing economic growth and working across the aisle on important issues that benefit the common good.
"He brings a wealth of experience and dedication to his new position as Director of the Federal Housing Finance Agency. I am confident that his tenure will be marked by progress. I look forward to working closely with Mel to further stabilize and strengthen the housing market so that it provides opportunity for all responsible families."