FHFA’s Mel Watt Puts Rate Hikes On Hold; Fannie Mae’s Fate Uncertain – ValueWalk Premium

FHFA’s Mel Watt Puts Rate Hikes On Hold; Fannie Mae’s Fate Uncertain

New Federal Housing Finance Agency (FHFA) director Mel Watt didn’t waste any time signaling that he intends to take the organization in a different direction than his predecessor Edward DeMarco. Mel Watt recently sent an email to reporters telling them that he has put a hold on plans to increase rates for insuring mortgage securities, report Jody Shenn and Clea Benson for Bloomberg Businessweek.

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