May 3, 2013—Rep. Melvin Watt, D-N.C., has been nominated by President Obama to head the Federal Housing Finance Agency, which oversees the quasi-governmental mortage giants Fannie Mae and Freddie Mac. One key question facing the FHFA right now is whether to allow struggling mortgage borrowers in the private market to refinance with a reduced principal through Fannie and Freddie.
How much campaign money has Rep. Watt received from companies with an interest in the mortgage market? Read more