Mel Watt nomination means ‘status quo’ for the mortgage industry

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Mel Watt. After keeping his powder dry. More broadly, leaving the status quo in place would continue a pervasive sense of uncertainty in the financial services industry surrounding the housing.

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Mel Watt might want the helping hand that a departing DeMarco could offer, but Ed reportedly has "civil service status," which means he can’t be forced out of the agency and the last thing Watt needs is his predecessor still around with the guy’s former staff paying obeisance to him.

Fannie Mae, Freddie mac regulator seeks input on Lower Loan Limits. Still, it is unclear whether the FHFA will move forward on these recent proposals. Last week, the Senate approved the nomination of Mel Watt (D., NC) as head of the FHFA. Watt would be the.

A lack of bipartisan support nearly shattered any chance of reforming fannie mae and Freddie Mac, leaving the government sponsored-enterprises in conservatorship for almost a decade. The Bipartisan.

The latest entry in the personnel-is-policy file comes in the form of Mel Watt, an irresponsible racist. slower than many housing activists and mortgage lenders would like in returning to the 2008.

The Mortgage Bankers Association seems to be "romancing" Mel Watt with its self-serving welcoming, indicating the association’s agenda and for its members and the big banks which own them.

Since events have conspired to make congressional cooperation a rarity, the Obama White House should seize that opportunity and– working with the federal housing finance agency’s Director, Mel Watt–use Fannie Mae’s and Freddie Mac’s ample capacity to do good and well, at the same time, seeking to expand the number of eligible borrowers and generate additional jobs.

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Michigan AG questions banks compliance with national mortgage settlement The national mortgage settlement-which involved more than a year of negotiations with the states’ attorneys general, the U.S. Department of Justice and other federal agencies-includes direct payments to the federal government, the participating 49 states and individual borrowers.

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