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Watt at FHFA Seen as Enigma in Fannie-Freddie Market:

Mel Watt’s first act overseeing Fannie Mae (FNMA) and Freddie Mac came before he officially started.

At about 9 p.m. on the Friday before Christmas, as Washington and Wall Street were shutting down, the incoming head of the Federal Housing Finance Agency sent reporters an e-mail from his personal account telling them he would indefinitely put on hold planned increases in the fees the two companies charge for insuring mortgage securities.

via Watt at FHFA Seen as Enigma in Fannie-Freddie Market: Mortgages – Bloomberg.

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