Obama expected to nominate NC Rep. Mel Watt to direct FHFA

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Rep. Mel Watt (D-N.C.)

CHARLOTTE, N.C. — President Barack Obama on Wednesday is expected to nominate Democratic N.C. Rep. Mel Watt to lead the Federal Housing Finance Agency.

A White House official tells CNN the president will make the announcement around 2:15 p.m. from the State Dining Room.

If picked, Watt would replace current FHFA director Edward Demarco.

WSOC reports Watt, who played a role in drafting new financial rules in 2010, could face some opposition from Republicans because he is known for his consistent liberal voting record.

Watt could be the second notable political figure from Charlotte to be handpicked by Obama for a federal role.  Mayor Anthony Foxx was recently selected as the new transportation secretary.

Read more: WSOCTV.com