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Leadership & Organization


Director Melvin L. Watt

Born in Mecklenburg County, North Carolina on August 26, 1945, Mel Watt was a 1967 Phi Beta Kappa graduate of the University of North Carolina with a BS degree in Business Administration. In 1970 he received a JD degree from Yale University Law School and was a published member of the Yale Law Journal.

Mel practiced law from 1970 to 1992, specializing in business and economic development. He served in the North Carolina State Senate from 1985 to 1986. He served in the U.S. House of Representatives from 1993 to 2014 as a member of the House Financial Services Committee and the House Judiciary Committee. He was confirmed by the U.S. Senate and was sworn in as the Director of the Federal Housing Finance Agency on January 6, 2014.

Mel is married to Eulada Paysour Watt, an educator. They have two sons, Brian and Jason, both graduates of Yale University, and three grandchildren.

Director's Bio [PDF]
High Resolution Photo of Director [JPG]

Page last updated:  2/17/2017

FHFA Organizational Structure



​FHFA Key Senior Staff


The Office of Inspector General is responsible for conducting independent objective audits, evaluations, investigations, surveys, and risk assessments of FHFA’s programs and operations. OIG informs the Director, Congress, and the public of any problems or deficiencies relating to programs and operations. OIG activities assist FHFA staff and program participants by ensuring the effectiveness, efficiency, and integrity of FHFA’s programs and operations.

The Office of Ombudsman is responsible for considering complaints and appeals from any regulated entity, the Office of Finance, or any person who has a business relationship with a regulated entity or the Office of Finance concerning any matter relating to FHFA’s regulation and supervision. Created by regulation under HERA, the office commenced operation in March 2011.


The Office of Chief Operating Officer oversees the agency’s day-to-day operations that include facilities management, contingency planning, continuity of operations, financial and strategic planning and budgeting, contracting, hiring and human resources management, information technology, quality assurance, internal and external communications, and coordination with the FHFA Office of Inspector General. The office leads reporting on strategic planning and accountability, and develops recommendations for long-term improvements in agency operations.

The Division of Enterprise Regulation is responsible for the supervision of the Enterprises to ensure their safe and sound operation. This office provides management oversight, direction, and support for all examination activity involving the Enterprises, the development of supervision findings, and preparation of the annual reports of examination. The division monitors and assesses the financial condition and performance of the Enterprises and their compliance with regulations through annual on-site examinations and periodic visits. An examiner-in-charge leads examination activity at each Enterprise.

The Division of Federal Home Loan Bank Regulation is responsible for supervising the FHLBanks and the Office of Finance to ensure their safe and sound operation. The division oversees and directs all FHLBank examination activities, develops examination findings, and prepares annual examination reports. The division monitors and assesses the financial condition and performance of the FHLBanks and the Office of Finance and tests their compliance with laws and regulations through annual on-site examinations, periodic visits, and off-site monitoring and analysis. DBR also conducts Affordable Housing Program (AHP) on-site examinations and visits at each FHLBank annually to ensure compliance with program regulations and to evaluate the effectiveness of each FHLBank’s AHP program.

The Division of Housing Mission and Goals is responsible for FHFA policy development and analysis, oversight of housing and regulatory policy, oversight of the mission and goals of the Enterprises, and the housing finance and community and economic development mission of the FHLBanks. In support of FHFA’s mission and the Director’s responsibilities as a member of the Federal Housing Finance Oversight Board, the Financial Stability Oversight Board, and the Financial Stability Oversight Council, the division also oversees and coordinates FHFA activities. Such activities involve data analyses, market surveillance, systemic risk monitoring, and analysis affecting housing finance and financial markets.

The Division of Conservatorship assists the FHFA Director in carrying out his responsibilities as Conservator.  These responsibilities include taking the actions necessary to put Fannie Mae and Freddie Mac (the Enterprises) in a sound and solvent condition, ensuring they carry out their mission, verifying they meet FHFA's Strategic Plan for the Conservatorships (the Plan) and the related annual Scorecards, and preserving and conserving their assets, while reorganizing, rehabilitating, and prioritizing their affairs as necessary.  DOC facilitates communications between the Enterprises and the Conservator to ensure the prompt identification of emerging issues and their timely resolution. 

The Office of Minority and Women Inclusion is responsible for all matters of diversity in employment, management, and business activities at FHFA as well as programs to monitor minority and women inclusion at the regulated entities. OMWI ensures that FHFA is compliant with Equal Employment Opportunity laws and regulations, and protects against illegal workplace discrimination. OMWI ensures that minorities, women, service disabled veterans, and persons with disabilities are fully included in all job and business opportunities created as a part of the Federal Government’s efforts to reform and strengthen the banking system and the financial services industry.

The Office of the General Counsel advises and supports the Director and FHFA staff on legal matters related to the functions, activities, and operations of FHFA and the regulated entities. It supports supervision functions, regulations writing, housing mission policy initiatives, and enforcement actions. The office oversees the bringing or defense of litigation. The office also manages the Freedom of Information Act and Privacy Act programs. The ethics official advises, counsels and trains FHFA employees on ethical standards and conflicts of interest, and manages the agency’s financial disclosure program.

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