Kay Hagan: “I rise today to speak about Congressman Mel Watt, who is a champion for middle class families in my home State of North…”

“I rise today to speak about Congressman Mel Watt, who is a champion for middle class families in my home State of North Carolina. Mel Watt is the President's nominee to be the next Director of our Federal Housing Finance Agency. Congressman Watt is a true North Carolinian. He was born in North Carolina. He attended the University of North Carolina at Chapel Hill, and he has spent much of his distinguished career working for the people of North Carolina. Congressman Watt is an outstanding choice to lead the Federal Housing Finance Agency. Over his 20 years on the House Financial Services and Judiciary Committees, Congressman Watt has been a steadfast advocate for affordable housing in North Carolina and across the country. He has worked tirelessly to protect families from predatory and deceptive lending practices. He has been willing to work across the aisle to find common ground on issues that promote economic opportunity for the middle class. Well before the housing crisis, Congressman Watt raised concerns that predatory lending practices were harming consumers and putting our housing market at risk. He was instrumental in enacting Dodd-Frank and in supporting its antipredatory lending provisions. He will be a tremendous asset to our housing market and economy moving forward.…”