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FHFA appointment causes speculation on future credit availability
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Thursday, January 9, 2014
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The Jan. 6 appointment of Mel Watt as the new head of the Federal Housing Finance Agency has many in the mortgage industry speculating on how Watt’s appointment could affect credit availability in the housing sector.
As reported by Reuters, the appointment of Watt signals a new approach to U.S. housing policy that is anticipated to result in the FHFA — the regulating entity of mortgage finance firms Fannie Mae and Freddie Mac — helping ensure access to credit to more homeowners.
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