Mel Watt of Federal Housing Finance Agency is part of this year's Mortgage Professional America Hot 100.
MEL WATT
DIRECTOR
FEDERAL HOUSING FINANCE AGENCY
Mel Watt became the director of the Federal Housing Finance Agency in 2014 after a contentious confirmation process. While he had the support of industry groups like the Mortgage Bankers Association, Watt’s nomination was staunchly opposed by Senate Republicans. Upon taking office, Watt put the kibosh on some of the more unpopular policies of his predecessor, Edward DeMarco. He gained more popularity with the industry earlier this year, when he unveiled an MBA-endorsed appeals process that will allow an independent arbitrator to resolve disputes between lenders and government-sponsored enterprises like Fannie and Freddie.
DIRECTOR
FEDERAL HOUSING FINANCE AGENCY
Mel Watt became the director of the Federal Housing Finance Agency in 2014 after a contentious confirmation process. While he had the support of industry groups like the Mortgage Bankers Association, Watt’s nomination was staunchly opposed by Senate Republicans. Upon taking office, Watt put the kibosh on some of the more unpopular policies of his predecessor, Edward DeMarco. He gained more popularity with the industry earlier this year, when he unveiled an MBA-endorsed appeals process that will allow an independent arbitrator to resolve disputes between lenders and government-sponsored enterprises like Fannie and Freddie.
