Statement By A.G. Schneiderman On The Nomination Of Mel Watt To Head The Federal Housing Finance Agency

NEW YORK, NY – May 1, 2013 – (RealEstateRama) — Attorney General Eric T. Schneiderman today applauded President Obama for nominating Mel Watt as the permanent head of Federal Housing and Finance Agency (FHFA), the agency that oversees Fannie Mae and Freddie Mac, but called on him to take immediate action to replace acting FHFA Director Edward DeMarco with a new acting director who will allow principal relief for struggling homeowners