Investors concerned over inaction at Fannie, Freddie’s regulator, analyst says
MarketWatch - September 22, 2014 - September 23, 2014
MarketWatch, By Ruth Mantell
When it comes to mortgage-finance giants Fannie Mae and Freddie Mac, there’s worry that the chief of the government sponsored enterprises’ federal regulator is doing too little as the housing market faces major uncertainty, an analyst says.
Mel Watt was sworn in as director of the Federal Housing Finance Agency in early January, and eight months later there still isn’t a clear understanding of what the future could hold for the mortgage marketplace, Isaac Boltansky, an analyst at Compass Point Research & Trading, a Washington-based investment firm, wrote in a research note. His observations were based on about two dozen client meetings over the past two weeks that covered legislative and regulatory trends.