Did FHFA’s Watt open the door to ending Fannie, Freddie conservatorship?
HousingWire - November 21, 2014 - November 21, 2014
HousingWire, By Trey Garrison
When Federal Housing Finance Agency Director Mel Watt spoke before the Senate Banking Committee on Wednesday he opened the door to the possibility of ending the GSE conservatorship.
Watt acknowledged that the process would have to begin with the Treasury Department because of the sweep established under the third amendment to the Senior Preferred Stock Purchase Agreements, which prevents Fannie Mae and Freddie Mac from building capital.
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