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House Financial Committee head says FHFA’s Watt on wrong track

HousingWire, By Trey Garrison

Federal Housing Finance Agency Director Mel Watt announced his plans to change some of the housing finance industry lending standards to expand the credit box, and the chairman of the House Financial Services Committee is sounding a warning Watt may be looking at going a bridge too far.

U.S. Rep. Jeb Hensarling, R-Texas, responded to remarks Watt made Friday at the National Association’s convention and expo on proposed changed to the housing finance industry lending standards.

Read the full article: House Financial Committee head says FHFA’s Watt on wrong track