CORRECTED-U.S. Senate approves Watt as housing finance regulator

Tue Dec 10, 2013 6:09pm EST

(Corrects 2nd paragraph to say two Republicans supported Watt; typo in first paragraph)

WASHINGTON Dec 10 (Reuters) - The U.S. Senate on Tuesday confirmed Representative Mel Watt to lead the agency that regulates taxpayer-owned mortgage financiers Fannie Mae and Freddie Mac, providing greater leeway for the Obama administration's mortgage aid initiatives.

The Senate voted 57-41 to confirm Watt as the regulator of the Federal Housing Finance Agency. Only two Republicans - including Richard Burr, who is from Watt's home state - voted in favor of the North Carolina Democrat. (Reporting by Margaret Chadbourn; Editing by Tim Ahmann and Dan Grebler)

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