December 10, 2013 / 10:57 PM / 4 years ago

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

(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)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below