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Mel Watt

Underwater America: Will President Obama, Mel Watt and Wall Street Finally Do the Right Thing for Troubled Homeowners?

Peter Dreier | Posted 07.21.2014 | Politics
Peter Dreier

The Obama administration did too little, too late, to help troubled homeowners, who faced plummeting home prices and the risk of foreclosure. The most important thing they can do is get Fannie Mae and Freddie Mac to adopt principal reduction.

Mel Watt Lights Up the Real Estate Industry

D. Sidney Potter | Posted 07.17.2014 | Business
D. Sidney Potter

For those in the real estate finance and home building industry, the coming of Mel Watt as the newly inducted Director of the Federal Housing Finance Agency could not have come at a more propitious time.

Giving the Hen House to the Fox

Karen Hinton | Posted 07.16.2014 | Business
Karen Hinton

Some in Congress and in the administration want to do away with Fannie and Freddie and hand over their portfolio to the private banking industry, but without the previous requirements that banks do a certain amount of business with low-to-moderate income individuals.

Mark Gongloff

The Government Just Made It Easier To Buy A Home

HuffingtonPost.com | Mark Gongloff | Posted 05.23.2014 | Business

The U.S. government is about to make it easier for you to get a mortgage. Mel Watt, the new head of the Federal Housing Finance Agency, the regulat...

What Is Mel Watt Waiting For?

Peter Dreier | Posted 07.13.2014 | Business
Peter Dreier

Some pundits and politicians claim that America's housing market is now recovering from plummeting home prices and a years-long lull in new construction. But the so-called recovery is very uneven.

Why Is Fannie Mae Evicting the Coronel Family?

Peter Dreier | Posted 06.08.2014 | Business
Peter Dreier

The Coronel family is part of a growing national movement to challenge Wall Street and the financial industry, whose predatory practices resulted in millions of Americans losing their homes and millions more still "underwater" with homes worth less than their mortgages.

Housing Regulator Swears In New Chief

AP | Posted 03.08.2014 | Business

WASHINGTON (AP) — North Carolina Rep. Mel Watt has been sworn in to lead the Federal Housing Finance Agency. Vice President Joe Biden...

Watt Now? (Or, Can Mel Watt Fix the Housing Crisis?)

Peter Dreier | Posted 02.12.2014 | Politics
Peter Dreier

News coverage of the Senate's confirmation of Congressman Mel Watt on Tuesday to head the Federal Housing Finance Agency (FHFA) was all about politics, not the housing or banking issues he now has to address.

With Rep. Watt Confirmed as FHFA Director, We Look Forward to True Relief for Homeowners

National Council of La Raza | Posted 02.10.2014 | Latino Voices
National Council of La Raza

With Mel Watt confirmed as FHFA Director, we have a rare chance to reverse the widening economic inequality plaguing our communities. We urge the FHFA to start its work today.

Dems Use New Rules To Clear Way For Obama Nominee

AP | Posted 12.10.2013 | Politics

WASHINGTON (AP) — Democrats have used the Senate's newly eased filibuster procedures to clear the way for confirmation of the man President Barack O...

Nuking Obstruction: This Could Be the Start of Something Big

Nan Aron | Posted 01.25.2014 | Politics
Nan Aron

The Democrats needed to act, and they did. The threshold for ending debate is now a simple majority and not a super-majority. It was an astonishing and historic moment.

Mel Watt's Confirmation and the Senate at a New Low

Larry Cohen | Posted 01.23.2014 | Politics
Larry Cohen

It is ironic that the trade deals that have ravaged jobs for millions of Americans likely met the original test as treaties, given their long range implications and participation of numerous foreign governments, yet if they are fast tracked they cannot be amended and are adopted by majority vote.

Michael McAuliff

Biden: 'Worth Considering' Nuclear Option Filibuster Reform

HuffingtonPost.com | Michael McAuliff | Posted 11.01.2013 | Politics

WASHINGTON -- Vice President Joe Biden, long a defender of tradition in the United States Senate, said Thursday it might be time to change the institu...

Time for Wall Street to Stop Blocking Mel Watt

Mike Lux | Posted 12.30.2013 | Politics
Mike Lux

Wall Street doesn't want a new director of FHFA. They like things the way they are, and don't want a new sheriff in town. That is why Republicans are so willing to buck history and tradition, are so willing to stop the first African-American appointee to run FHFA to be confirmed.

North Carolina: Will We Elect Someone Who Is Out, Proud and Ready for Capitol Hill?

Victor M. Feraru | Posted 12.18.2013 | Gay Voices
Victor M. Feraru

Sitting at a fundraiser in the sleepy college town of Greensboro, N.C., State Representative Marcus Brandon did an impromptu meet-and-greet. I realized quickly that Brandon might be the kind of person we need to send to Congress.

Ranking Member Mel Watt Makes a Bold First Step in Freeing Creators From the Government's Heavy Hand

Chris Castle | Posted 09.30.2013 | Entertainment
Chris Castle

I've been writing about -- well, OK, a blaringly vocal advocate -- for getting the government out of the music business for quite some time.

Struggling Chicago-area Homeowners Still Need Help, Despite Some Positive Signs

Dory Rand | Posted 10.16.2013 | Chicago
Dory Rand

It's too soon to break out the champagne. It seems unlikely that the foreclosure crisis over when more than a third of Chicago region homes are underwater and unemployment remains persistently high.

More Republican Districts Saw Increase In Suburban Poverty: Report

The Huffington Post | Ryan Rainey | Posted 08.08.2013 | Politics

Suburban poverty has increased in more Republican congressional districts than Democratic ones, a new report said. According to a Brookings Instit...

Five Things Congress Could Do For Music Creators That Wouldn't Cost the Taxpayer a Dime Part 1: Pre-72 Sound Recordings

Chris Castle | Posted 09.25.2013 | Entertainment
Chris Castle

In this and future posts, I will be addressing five things the Congress could do for music creators that are easy to do and that would help develop an online market for music.

Will Senator Kirk Stand With Illinois Consumers?

Dory Rand | Posted 09.14.2013 | Chicago
Dory Rand

Senator Kirk voted against allowing a floor vote on Cordray and signed a letter with 42 Republicans vowing to block any nominee, no matter how qualified, unless the CFPB is substantially weakened. That isn't right.

Playing Long Odds?

Victor M. Feraru | Posted 08.27.2013 | Black Voices
Victor M. Feraru

I tend to trust politicians who will share a whiskey sour and real life stories over those that are only available through their website addresses and public forums. Can Brandon fill Watt's shoes?

Tough Fight Over Obama Pick May Be Win-Win For White House

Reuters | Posted 08.20.2013 | Politics

By Margaret Chadbourn WASHINGTON, June 20 (Reuters) - President Barack Obama's pick to oversee mortgage financiers Fannie Mae and Fre...

When Congress Voted Down The Fourth Amendment

Radley Balko | Posted 05.24.2013 | Politics

Earlier this month, President Obama nominated North Carolina Rep. Mel Watt to head up the Federal Housing Finance Authority. Here's a fun little nugge...

How Homeowners Made May a Month You Won't Forget

Tracy Van Slyke | Posted 07.21.2013 | Business
Tracy Van Slyke

It has been a full five years since banks crashed the economy and more than a year since President Obama announced a special task force to investigate big bank crimes. Ever since, homeowners and community members have been fighting for fair and deserved relief and justice.

Obama Urges Congress To Back Another Pick

Reuters | Posted 07.11.2013 | Politics

WASHINGTON, May 11 (Reuters) - President Barack Obama urged lawmakers on Saturday to back his nominee to oversee mortgage financiers Fannie Mae and ...