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 […]

Rebirth Of The Toxic Twins

Editorials Investors.com 10/20/2014

Subprime Redux: Mel Watt’s easy credit crusade is now off and running. Fannie Mae and Freddie Mac’s chief regulator has officially lowered lending standards for the entire mortgage industry. Here we go again.

In January, we warned that Watt’s swearing-in as head of the Federal Housing Finance Agency would mark the start […]

Mel Watt’s plan to loosen mortgage credit will shape housing finance for years

Joseph Lawler The Washington Examiner 5/17/2014

Despite being a new officeholder of a relatively obscure federal agency, Mel Watt drew a strong reaction for his speech Tuesday by signaling that the federal government will increase its role in helping more Americans buy houses.

For now, credit standards for home loans remain tight. But Watt’s speech […]

Tim Pawlenty learns to lobby

MJ Lee Politico 12/29/2013

As an ambitious politician with eyes on the White House, Tim Pawlenty cast himself as the everyman — the working-class son of a truck driver, a practical Midwesterner, a “Sam’s Club Republican.”

But when those ambitions were dashed, the former Minnesota governor found a new role that takes him a long […]

CFPB’s data-mining on consumer credit cards challenged in heated House hearing

Richard Pollock The Washington Examiner 9/13/2013

Consumer Financial Protection Bureau officials are seeking to monitor four out of every five U.S. consumer credit card transactions this year — up to 42 billion transactions – through a controversial data-mining program, according to documents obtained by the Washington Examiner.

A CFPB strategic planning document for fiscal years […]