Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

Nice! "The agency, created four-and-a-half years ago, has never had its own director confirmed by the Senate."

"After all, the FHFA is the main federal regulator overseeing housing policy, and whoever runs it will have a major impact on home ownership, mortgage lending, and the future of Fannie Mae and Freddie Mac, the two mortgage giants in federal conservatorship."

That's right, DeMarco was from OFHEO, and was never nominated and thus never even considered by the Senate.

Apparently, DeMarco upset the Progressives in Obama's party, because he wouldn't do mortgage forgiveness and Mel Watt was eventually appointed and Senate confirmed.

Do you remember if Mel Watt considered mortgage forgiveness and also rejected the idea?