Affordable Housing, Announcements, Federal News

Former NC Representative Takes Over at FHFA

 

Earlier this month, former Rep. Mel Watt (D-NC) was sworn in as director of the Federal Housing Finance Agency, which oversees Fannie Mae and Freddie Mac, two government-sponsored enterprises that back most single-family mortgages in the U.S.

In a statement, Watt called the housing finance system “one of the keys to our economic recovery.” He announced early on that he would delay a series of loan-free hikes.

Read more about Watt on the National Low Income Housing website

 
 

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