Press Release - President Obama Announces More Key Administration Posts

WASHINGTON – Today, President Barack Obama announced his intent to nominate the following individual to a key Administration post:

•      Joseph A. Smith, Jr., Director, Federal Housing Finance Agency

President Obama said, "Mr. Smith brings to this position both tremendous expertise and a deep commitment to strengthening our housing finance system for the American people. I'm grateful that he has accepted this nomination, and I look forward to working with him in the months and years to come."

President Obama announced his intent to nominate the following individual to a key Administration post:

Joseph A. Smith, Jr., Nominee for Director, Federal Housing Finance Agency

Joseph A. Smith, Jr. is North Carolina Commissioner of Banks, an office he has held since June 2002 and which he currently holds for a term ending on March 31, 2011. As Commissioner, he heads an agency charged with the supervision of banks and thrift institutions; the licensing and regulation of firms and individuals engaged in mortgage banking and brokerage; and the regulation of a variety of consumer finance enterprises. He is Immediate Past Chair of the Conference of State Bank Supervisors and founding member of the Board of Managers of State Regulatory Registry LLC, a limited liability company established to implement a nationwide mortgage licensing system. Smith is a graduate of Davidson College and the University of Virginia Law School and is licensed to practice law in New York and North Carolina.