Housing Trust Fund Comments Highlight The Gridlock Over Fannie Mae, Freddie Mac Reform

When Federal Housing Finance Agency director Mel Watt spoke to the Senate last month, he reaffirmed that he was committed to following Congress’s lead on Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) reform, and then asked them to please got on with setting a course of action. But recent comments from Democrats and Republicans make it sound like there won’t be any more progress in the next Congressional term than there was in the previous one. Senators respond to Watt’s decision “New Yorkers know painfully well that…