Fannie-Freddie’s Watt Making Few Changes Irks His Allies
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After a speech to bankers in Raleigh, North Carolina last month, Melvin L. Watt, chief regulator of Fannie Mae and Freddie Mac, called on a man in the back of the hotel ballroom.
“Does the National Housing Trust Fund have the possibility of being capitalized?” the man asked, referring to a low-income housing program that’s supposed to get a cut of revenues from the two mortgage-finance companies.