@nytimes tweets related to: Fannie And Freddie, Obama, Melvin, Watt

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WASHINGTON - President Obama plans to name Representative Melvin L. Watt, Democrat from North Carolina, as the overseer of the government-backed mortgage financiers Fannie Mae and Freddie Mac, a White House aide said Wednesday. Mr. Watt would replace Edward J. DeMarco, who has been acting director of the Federal Housing Finance Agency for more than three years.
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Obama to Name Melvin Watt to Oversee Fannie and Freddie http://t.co/0ojS8vBj2t

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