Bloomberg News
I want to make unequivocally is that it is the role of Congress, not FHFA, to make the decisions that chart the path out of conservatorship and to the future housing finance system, said FHFA Director Mel Watt.

FHFA on Collision Course with Congress over Fannie, Freddie


During testimony before the Senate Banking Committee on Thursday, Watt warned that to prevent a potential draw on the Treasury Department by the government-sponsored enterprises, he is willing to act unilaterally to rebuild capital at Fannie and Freddie.

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