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Legislative proposal undermines Watt’s goals

Charlotte Observer

May 19, 2014, By Eva Clayton

The writer is a former member of Congress.

It is clear that the Federal Housing Finance Administration, under the leadership of Director Mel Watt, has done an extensive assessment of Fannie Mae and Freddie Mac.

The strategic goals laid out by Watt maintain stability in the current housing market by seeking to broaden liquidity and reduce taxpayer risk.

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