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Fannie and Freddie Shareholders Follow Director Watt To Miami

Seeking Alpha, By David Sims

When Director Mel Watt stepped off the plane in Miami for a meeting to promote the Home Affordable Refinance Program (HARP), he might not have known that he was bringing Fannie Mae (OTCQB:FNMA) and Freddie Mac (OTCQB:FMCC) shareholders with him for the trip. Yet, that’s exactly what happened.

In an interview with a local radio station, the founder of Investors Unite, Tim Pagliara spoke about the conservatorship and what he expected to happen with the Federal Housing Finance Agency’s (FHFA) meeting in Miami. Pagliara has been to these HARP meetings before. The meetings are intended to drum up support for the HARP and pushing the final remaining eligible borrowers through the program.

Read the full article: Fannie and Freddie Shareholders Follow Director Watt To Miami