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Lawmakers urge FHFA to end Fannie, Freddie conservatorship

Mortgage Professional America

During a Senate Banking Committee hearing this morning, lawmakers grilled Federal Housing Finance Agency (FHFA) Director Mel Watt and pushed for a move toward dismantling Fannie Mae and Freddie Mac to set up a new housing finance framework.

Banking Committee Chairman Tim Johnson (D-S.D.) urged Watt to “engage with the Treasury Department in talks to end the conservatorship” of the mortgage giants if Congress doesn’t proceed with housing-finance reform.

Read the full article here: Lawmakers urge FHFA to end Fannie, Freddie conservatorship