Mel Watt Outlines Strategic Plan For Fannie Mae, Freddie Mac

In his first speech since taking over the role of Federal Housing Finance Agency (FHFA) director, Mel Watt finally shared his strategic vision for Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC). While he made it clear that he wouldn’t comment on Crapo-Johnson or any of the other legislative initiatives addressing GSE reform, the direction that Watt is taking shows a commitment to a strong Federal role in the mortgage market. Watt based his strategic plan for Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac…