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Silence of FHFA head leaving industry in the dark
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Wednesday, April 16, 2014
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All has been quiet on the housing finance reform front — at least at the top of the Federal Housing Finance Agency (FHFA).
It seems that hardly a week goes by before someone new from Congress comes out with an updated proposal to rework the U.S. housing finance system and disband Fannie Mae and Freddie Mac. However, Mel Watt, the person in charge of the government sponsored enterprises, has been conspicuously absent from the conversation since he took over the FHFA in January.
"We have yet to see or hear Watt's vision for housing finance," Clifford Rossi, a former banker and risk executive at Freddie Mac, told Reuters. "He is still getting up to speed."
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