Bloomberg News
"I don't think it's FHFA's role to contract the footprint of Fannie and Freddie," said FHFA Director Mel Watt, reversing the policy of his predecessor to reduce the GSEs' market presence.

FHFA's Watt to Stay Out of GSE Reform Fray

In a wide-ranging speech on Tuesday, new FHFA Director Mel Watt said he would not weigh in on the housing finance reform debate percolating in Congress, while also detailing what changes he plans to make at the agency, including encouraging more access to credit.

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