FHFA Director Watt Weighs in on Financial Reform Debate

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Posted To: MND NewsWire

Bloomberg News is reporting on a proposal from Federal Housing Finance Agency (FHFA) Director Melvin Watt regarding the future of Fannie Mae and Freddie Mac (the GSEs). The two former companies, which have been in conservatorship under FHFA since 2008, are at the heart of the current debate on housing finance reform. Watt’s proposal, titled “Federal Housing Finance Agency Perspectives on Housing Finance Reform,” was sent to Senate Banking Chairman Michael Crapo (R-ID) and the committee’s ranking member, Sherrod Brown (D-OH). In the proposal’s cover letter Watt said that he and the FHFA staff feel they should provide their views “independently and transparently to those who have requested them while continuing to provide technical assistance to the committee and its members on other proposals…(read more)

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