Melvin Watt, head of the Federal Housing Finance Agency, says that Fannie Mae and Freddie Mac should increase the amount of credit available to homeowners. This statement is contrary to previous directives, and it comes as the FHFA and other agencies are working on rules governing securitized mortgages. The announcement also prompts a number of questions including whether the two housing finance entities should turn over their portfolios to the private sector.
PB Topical Ref
