Fannie Mae-No Politics (FNMA)

[msm2137]

Rep. Mel Watt won’t be sworn in as the director of the Federal Housing Finance Agency until Monday, but he has already sent a clear signal of the coming shift in direction from his predecessor Edward DeMarco, the agency’s acting director for the past four years.

Last month, Mr. Watt announced that he would immediately delay a series of loan-fee hikes, announced in December by the FHFA, once he was sworn in as the agency’s director on Jan. 6.



Posted in the WSJ