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<p>Vice President Joe Biden greets Mel Watt and his family Monday at the White House before ceremonially swearing him in as FHFA Director. (Courtesy of Vice President Biden's office)</p>

Vice President Joe Biden greets Mel Watt and his family Monday at the White House before ceremonially swearing him in as FHFA Director. (Courtesy of Vice President Biden's office)

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Watt Sworn In as Housing Agency Director

Former North Carolina Rep. Melvin L. Watt was sworn in Monday as director of the Federal Housing Finance Agency, nearly a year after President Obama nominated him for the post.