The National Association of Home Builders (NAHB) Chairman Rick Judson issued a statement applauding the confirmation of Rep. Mel Watt to head the Federal Housing Finance Agency (FHFA), MHProNews has learned. Noting his experience working on housing issues as a member of the House Financial Services Committee for almost two decades, Judson says he is “the right man for the job during this critical period as Congress debates changes to overhaul the U.S. housing finance system. NAHB looks forward to working with Rep. Watt in his new role as FHFA director to help revamp Fannie Mae and Freddie Mac and to create a U.S. housing finance system that ensures liquidity and stability for homeownership and rental housing.”

(Photo credit: Jacquelyn Martin/Associated Press–Rep. Mel Watt)