Fannie Mae Fee Increases to Be Delayed by FHFA Under Watt
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U.S. Representative Mel Watt, who will leave Congress to become regulator of Fannie Mae and Freddie Mac, said he will delay a planned increase in the fees the U.S.-owned companies charge to guarantee mortgages.
Watt, who is scheduled to be sworn in as director of the Federal Housing Finance Agency on Jan. 6, said in a statement yesterday that he needs time to evaluate fee increases announced this month by Edward J. DeMarco, the agency’s acting chief.