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February 12, 2014

Short Takes: GSE Reform Legislation: Living the Dream / Mel Watt, the Man Behind the Curtain / The OC Gets Pricey, Again / PHH Mortgage, A Buyer of MSRs? / Ugly Refi Numbers, Ugly

By Charles Wisniowski, Paul Muolo, John Bancroft

Since Mel Watt was sworn into a five-year term as Federal Housing Finance Agency director on January 6, the former North Carolina Congressman has made no public appearances or policy statements except for canned comments attributed to him in routine FHFA press releases.

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After the November elections, how long will it take for a new Congress and White House to pass GSE reform legislation?

I’m confident a bill will be passed the first year.


2 to 3 years. GSE reform is complicated.


Sadly it won’t happen in a Clinton or Trump first term.


Not in my lifetime.


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