The once deadlocked but now all-but-certain confirmation of Rep. Mel Watt, D-NC, to be the new director of the Federal Housing Finance Agency has left industry observers uncertain as to the continued policy direction of the FHFA. Based on client conversations, Compass Point Research & Trading Analyst Isaac Boltansky speculated in an analysis that the FHFA’s announcement last week to retain its baseline maximum conforming loan limit was influenced by Watt’s widely expected, pending confirmation.