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Watt testifies before Senate committee
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Industry News
Monday, November 24, 2014
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Federal Housing Finance Agency (FHFA) Director Melvin Watt testified before the U.S. Senate Committee on banking, housing and urban affairs on the Fannie Mae, Freddie Mac and Federal Home Loan Banks.
Watt testified that as regulator and conservator of Fannie Mae and Freddie Mac, FHFA has taken actions during 2014 to ensure their safety and soundness, to ensure that they provide liquidity to the housing finance market, and to preserve and conserve the assets of both enterprises.
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