Melvin Watt: “putting me out of a job would mean that we have gotten through this transition and built a sustainable future for…”

Only in America could somebody be confirmed to this position that has the regulatory authority over the bulk of housing in this country.

I will not hesitate to use my full subpoena power to compel cooperation where necessary.

I don't think there is any question that somebody who gets good homeownership counseling, either pre-ownership, or in some cases post-ownership--it makes them better borrowers.

This is definitely the last time I will be addressing this House. As my colleague, David Price, has indicated, I have been confirmed to a new position as regulator and director of the Federal Housing Finance Agency. I just wanted to take a…