Watt Calls GSEs ‘Not Sustainable,’ Urges Congressional Action

May 11, 2017 Scott Morgan

On Thursday, FHFA Director Melvin Watt told a senate committee that the future of the U.S. housing finance system is unsustainable as-is. He implored Congress to solve numerous tough questions involved in moving Fannie Mae and Freddie Mac out from under federal conservatorship. If not, taxpayers could be on the hook.

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