In his first speech since taking over the role of Federal Housing Finance Agency (FHFA) director, Mel Watt finally shared his strategic vision for Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC). While he made it clear that he wouldn’t comment on Crapo-Johnson or any of the other legislative initiatives addressing GSE reform, the direction that Watt is taking shows a commitment to a strong Federal role in the mortgage market.
Watt based his strategic plan...
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