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Senate Banking Chair Urges Watt and Treasury to End GSE Conservatorships

Inside Mortgage Finance, By Paul Muolo

The current chairman of the Senate Banking Committee Wednesday morning urged GSE regulator Mel Watt to engage the U.S. Treasury in a plan to end the conservatorships of Fannie Mae and Freddie Mac if Congress cannot agree on a solution to the two government-owned mortgage giants.

Chairman Sen. Timothy Johnson, D-SD, made his suggestion as part of his opening remarks as Federal Housing Finance Agency Director Watt prepared to give the committee an update on regulatory and supervisory matters affecting Fannie, Freddie and the Federal Home Loan Bank system.

Read the full article here: Senate Banking Chair Urges Watt and Treasury to End GSE Conservatorships