Mel Watt: Fannie and Freddie to Remain Under Federal Control

Government conservatorship of mortgage giants likely to continue, even as lawmakers call for change

Daniel Wiser The Washington Free Beacon 11/19/2014

Federal Housing Finance Agency (FHFA) Director Mel Watt said on Wednesday that he did not see the government relinquishing control of housing giants Fannie Mae and Freddie Mac anytime soon, even as the Democratic […]

Fannie Mae and Freddie Mac Plan Yet Another House of Cards

Adam Berkland Human Events 7/19/2011

With a $154 billion bailout of Fannie Mae and Freddie Mac thus far, and regulators estimating the need for billions more, lawmakers in Washington have finally begun debate on how to wind down these two failed mortgage giants. While there is widespread agreement that they must be eliminated gradually to […]

GOP moves to eliminate Fannie, Freddie

Susan Ferrechio Washington Examiner 4/3/2011

Congressional Republicans are moving aggressively to wind down mortgage giants Fannie Mae and Freddie Mac, but they face resistance not only from Democrats, but members of their own party who fear rapid elimination of the two entities would destabilize the fragile housing market.

Sen. John McCain, R-Ariz., and House Republican […]