Tag Archives: Melvin L. Watt

For those with a language preference, the Federal Housing Finance Agency has decided to add the new question to its loan application process.

On Thursday, FHFA Director Melvin Watt told a senate committee that the future of the U.S. housing finance system is unsustainable as-is. He implored Congress to solve numerous tough questions involved in moving Fannie Mae and Freddie Mac out from under federal conservatorship. If not, taxpayers could be on the hook.