As capital dwindles, trouble looms for Fannie Mae and Freddie Mac

Glen Corso Advocacy, Regulatory

Federal Housing Finance Agency (FHFA) Director Mel Watt recently delivered two direct messages to Congress: First, it is dangerous to operate the two institutions that undergird half of the U.S. mortgage market and support over $5 trillion in mortgage backed securities with little to no capital. Second, as the safety and soundness regulator, he intends to take steps to reverse that situation.

The Hill, “As capital dwindles, trouble looms for Fannie Mae and Freddie Mac

Glen CorsoAs capital dwindles, trouble looms for Fannie Mae and Freddie Mac