This Blog was written by whistleblower Attorney Tony Munter
The news, or rather the reported leak today is clear, The White House wants to nominate long time congressman Mel Watt (D North Carolina) to head the Federal Housing Finance Agency (FHFA).
The FHFA is the agency charged with watching over the mortgage giants Fannie Mae and Freddie Mac. In as much as those two federally financed giants also finance most of the mortgages in the United States and also because they also owe the government something like $100 Billion, this is a big job.
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