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Volume 2014 - Number 19

May 15, 2014

Watt Redirects FHFA’s Policy to Stress ‘The Present’ in GSE Conservatorship

Under new management, the agency in charge of Fannie Mae and Freddie Mac is tacking their conservatorship in a different direction: focusing on preserving the two government-sponsored enterprises rather than driving them into shallow water. Federal Housing Finance Agency Director Mel Watt this week emphasized a focus on “the present” as he explained how he seeks to “reformulate” the agency’s past conservatorship goals to suit the housing finance market in the here and now. “I am...

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