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<p>North Carolina Rep. Mel Watt will head the Federal Housing Finance Agency. (Courtesy photo)</p>

North Carolina Rep. Mel Watt will head the Federal Housing Finance Agency. (Courtesy photo)

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Watt Confirmed as FHFA Director

The U.S. Senate confirmed North Carolina Rep. Melvin L. Watt as director of the Federal Housing Finance Agency, seven months after President Obama nominated him to head the agency charged with overseeing and regulating mortgage finance conglomerates Fannie Mae and Freddie Mac.

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