FHFA Director Mel Watt (Bloomberg News)
CONCILIATOR MODE: "We recognize that you are essential stakeholders in this process," FHFA Director Mel Watt told lenders. "The work you do touches borrowers in communities across the country."
The GSE regulator's second attempt to stimulate the mortgage market is receiving a lukewarm reception from lenders, who remain gun-shy after being forced by Fannie and Freddie to repurchase billions of dollars in soured loans since 2008.

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