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Watt defends FHFA moves on familiar ground

The Hill, By Peter Schroeder

A former lawmaker turned housing regulator faced a grilling from his one-time colleagues over his agency’s efforts to help more people obtain a mortgage.

Mel Watt, the director of the Federal Housing Finance Agency, defended his efforts to expand credit access as overseer of Fannie Mae and Freddie Mac. He argued that the regulator was diligently working to ensure that while easing restrictions on who can access some mortgages, other factors were considered to make sure those loans could be paid off.

Read the full article: Watt defends FHFA moves on familiar ground