Fannie, Freddie Regulator Seeks Improved Liquidity
Mel Watt said last week in his first speech as director of the Federal Housing Finance Agency (FHFA) that he wants to get credit flowing more to loans backed by Fannie Mae and Freddie Mac. To that end, he’s stepping back from a plan previously considered by his agency to lower conforming loan limits to $400,000 from $417,000 and to $600,000 from $625,500 in high-cost areas. And he’ll be seeking input on the structure of the fees that Fannie and Freddie change lenders. These fees are often passed onto borrowers, making mortgages more expensive. For more info contact Charles Dawson, 202/383-7522.