Michael Bright, President Trump’s nominee to lead Ginnie Mae, wants to ensure that the agency is well run and that mistakes that led to the 2008 financial crisis are never repeated during his watch.
According to the newspaper, Watt – a former Democratic Congressman from North Carolina – is under investigation for alleged sexual harassment of an employee.
Fannie’s board soon will begin its search for a new CEO – a position that will need the blessing of its largest shareholder, the U.S. Treasury Department.