During the March 19 House Financial Services hearing on the conservatorships of Fannie Mae and Freddie Mac, Rep. Mel Watt (D-N.C.) yielded back the majority of his allotted time due to "media speculation over the weekend."
The congressman's unwillingness to question FHFA Acting Director Edward DeMarco was of note after several media outlets reported that the White House is considering appointing Watt to the permanent FHFA director job. DeMarco has been acting director of the agency for three and a half years.
Watt's Communications Director Keith Kelly did not shed any light on the reports, telling Credit Union Times, "Congressman Watt has issued no statements regarding the reports and is not making any comments at this time."
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