The New Boss at FHFA

Mr. Watt gave a talk at the Brookings Institution on the morning of May 13. He announced plans to reverse course with the two troubled agencies and expand their footprint in the housing market. This is not a surprise to anyone who followed the confirmation hearings. What is surprising is that the administration is so blatantly announcing their intentions to repeat the mistakes made in the first decade of the 21st century. Continue Reading →