Congressman Mel Watt of North Carolina looks to be the President's choice to replace Ed DeMarco...

|By:, SA News Editor

Congressman Mel Watt of North Carolina looks to be the President's choice to replace Ed DeMarco as head of the FHFA. Getting rid of DeMarco has been a popular idea among many in the Administration as he has consistently blocked plans to implement some sort of principal forgiveness program for underwater homeowners.