The Federal Housing Finance Agency’s Final Rule is designed to provide more flexibility when it comes to allocating Affordable Housing Program Funds. Click through to learn the details.
Read More »Hensarling: “There’s Something Amiss at FHFA”
On Thursday, the Financial Services Committee held a hearing discussing the conservatorship of the GSEs, as well as other issues the FHFA may be facing such as accusations of abuse. Click through to learn more.
Read More »Investigation Into Mel Watt Allegations Underway
Under federal guidelines, FHFA must investigate the complaint within 180 days of its filing, learn more about the next steps here.
Read More »Watt: Challenges Facing African American Homeownership
Recently, FHFA Director Mel Watt brought up issues facing African American Homeowners and what can be done to fill critical parts of an important mission—ensuring access to credit and ensuring sustainable homeownership for African Americans.
Read More »FHFA: Four Regulatory Focuses for 2017
The Director of the Federal Housing Finance Agency (FHFA), spoke about the FHFA and the FHLBanks at the 2017 Federal Home Loan Bank Directors’ Conference Tuesday. Mel Watt began with positive news about FHLBank performance and lead into the four main regulatory issues he would like to focus on. He stressed that the FHFA will carry out all work in a transparent manner.
Read More »Industry Groups Oppose ‘Piecemeal’ GSE Reform
A group of influential industry organizations petitioned FHFA Director Mel Watt opposing the approach that many lawmakers, housing advocates, and civil rights groups have called for recently.
Read More »New York AG Asks Watt to Get Moving on Principal Reduction
Schneiderman joins the growing list of those calling for mortgage relief.
Read More »Protesters Turn Up the Heat on FHFA Director Watt
On March 22, Mel Watt said the FHFA would make a decision within 30 days on whether or not to offer principal reduction on mortgage loans. Some housing advocates don't want to wait that long, however.
Read More »FHFA to Get Off the Fence on Principal Relief
FHFA has been considering the possibility of offering principal reduction to underwater homeowners since long before Mel Watt became Director of the Agency two years ago. Why have they taken so long to make a decision?
Read More »Was Watt’s Speech the Beginning of the End for the Conservatorship?
Last week, FHFA Director Mel Watt gave a speech at the Bipartisan Center in which he declared the GSEs' lack of capital to be their biggest risk, and that he expects that risk to escalate as the conservatorships continue. Will that risk spur the government to end the conservatorships after almost eight years?
Read More »