Dems Sharply Criticize FHFA's Watt on Principal Reductions

Finkle, Victoria
November 2014
American Banker;11/20/2014, Vol. 179 Issue 179, p14
Trade Publication
The article discusses criticism by U.S. Democratic politicians of U.S. Federal Housing Finance Agency (FHFA) Director Melvin Watt on alleged inaction in principal reductions for mortgage loans owned by government-sponsored mortgage loan companies Fannie Mae and Freddie Mac. Topics include funding for affordable housing trust funds, evaluation of consumer creditworthiness, and allegations of force-placed homeowner's insurance.


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