Nick Timiraos of The Wall Street Journal obtained this letter from Watt, which he in turn tweeted to the public.
Nick Timiraos of The Wall Street Journal obtained this letter from Watt, which he in turn tweeted to the public.

Turns out that FHFA's Mel Watt is more amenable to the demands of the Realtors and NAHB and numerous others that Congress, not Watt, handle GSE reform. HousingWire reports:

In recent weeks, several different groups tried to exert public pressure on the Federal Housing Finance Agency in an attempt to end the housing finance system’s current status quo.

Up to this point, the FHFA and its director, Mel Watt, did not respond directly to these efforts, other than Watt’s inclusion in the Financial Stability Oversight Council’s annual report, in which the FSOC members stated that they too believe that Congress needs to take the lead on housing finance reform.

But now, Watt is responding to those public salvos, albeit much more quietly than the trade groups or the politicians.

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