Washington, DC – Today, Rep. Elijah E. Cummings, Ranking Member of the House Committee on Oversight and Government Reform, issued the following statement after the United States Senate confirmed Rep. Mel Watt (D-N.C.) to be the director of the Federal Housing Finance Agency (FHFA):

“The Senate’s long-overdue confirmation of Congressman Watt to be FHFA Director is a win-win for taxpayers and homeowners, who will benefit from his deep expertise in housing policy and his proven commitment to consumer protection.  Rep. Watt is precisely the leader we need to address the many challenges still facing the housing market and to ensure FHFA’s policies support America's homeowners.”