President Clinton will nominate Government National Mortgage Association president Kevin G. Chavers as director of the Office of Federal Housing Enterprise Oversight, the White House said Friday.

The oversight office regulates Fannie Mae and Freddie Mac, and has been without a director since February when Aida Alvarez left to head the Small Business Administration.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.