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Senator Calls For FHFA to End Fannie, Freddie Conservatorship

The Wall Street Journal, By Joe Light

A top housing regulator on Wednesday wouldn’t rule out the possibility that the federal government would end its conservatorship of mortgage-finance companies Fannie Mae and Freddie Mac if Congress doesn’t do so.

Federal Housing Finance Agency Director Melvin Watt said during a hearing of the Senate Banking Committee on Wednesday that overhauling the housing-finance system should be left to Congress. He expressed hesitation at giving his own thoughts on how Congress should proceed.

Read the full article: Senator Calls For FHFA to End Fannie, Freddie Conservatorship