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Watt a good pick to head FHFA, say mortgage, housing pros

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Mortgage Professional America | 11 Dec 2013, 07:55 AM Agree 0
Industry pros applauded Tuesday's confirmation of Rep. Mel Watt as the next director of the FHFA.
  • Martin Sisk | | 11 Dec 2013, 01:11 PM Agree 0
    I have watched Watt for several years in hearings asking questions. He seems logical and even tempered. But if I sit accross the desk from him and tell him the FNMA Loan Matrix punishing an investor of residential housing $1750 per $100k and should be eliminated for several reasons, will he get it, or just smile, take his glasses off and smoothly dismiss me? There are real fixes to be done in housing and if he does a few it multiplies the conficence factor and homes sell and people buy and sell and go to work. There is no larger multiplier of economic impact on today's economy than housing.
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