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New FHFA head breaks silence, charts course for Fannie, Freddie
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In his first public remarks since taking over as acting director of the Federal Housing Finance Agency (FHFA) in January, Mel Watt outlined changes May 13 during a speech at the Brookings Institution to how Fannie Mae and Freddie Mac will approach their role to help strengthen the U.S. housing market in the coming years.
Watt’s silence had begun to weigh on industry lawmakers, and other professionals with a vested interest in the direction of the government sponsored enterprises (GSE), since he plays an integral role in providing guidance on housing policy initiatives.
Watt’s main message was that Fannie and Freddie were committed to helping make credit more accessible for borrowers by easing requirements on banks.
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