Los Angeles, CA – May 2, 2013 – (RealEstateRama) — The following is a statement made today by the CALIFORNIA ASSOCIATION OF REALTORS® President Don Faught:
“The CALIFORNIA ASSOCIATION OF REALTORS® applauds the appointment of Representative Mel Watt as the new director of the Federal Housing Finance Agency (FHFA), which oversees Fannie Mae and Freddie Mac. His appointment brings the much-needed certainty to the position that is necessary to ensure that the mortgage giants can continue providing liquidity to the housing finance industry.”
Leading the way…® in California real estate for more than 100 years, the CALIFORNIA ASSOCIATION OF REALTORS® (www.car.org) is one of the largest state trade organizations in the United States with 155,000 members dedicated to the advancement of professionalism in real estate. C.A.R. is headquartered in Los Angeles.
