Mel Watt

Mel Watt is an American politician and lawyer who has served as a U.S. Congressman representing North Carolina and later as the director of the Federal Housing Finance Agency (FHFA). In this role, he oversees Fannie Mae and Freddie Mac, government-sponsored entities that support homeownership by providing mortgage financing. Watt's work involves regulating these agencies to ensure they operate safely and effectively, promote affordable housing, and maintain financial stability in the housing market. His background in law and public service equips him to navigate complex housing policies and financial regulations impacting millions of Americans.