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Watt gets down to work at FHFA
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Mel Watt has had a busy first few days in his new role as the director of the Federal Housing Finance Agency (FHFA). The former Democratic congressman from North Carolina was sworn in on Jan. 6 and has already delayed an agency policy change that was set to take effect this year. He also named four members to his team of advisers.
On Jan. 8, Watt made good on an earlier promise to delay a recently announced guarantee fee (g-fee) increase.
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