FHFA’s Watt: Principal Reduction is ‘Most Challenging’ Decision Agency Faces

Housingwire, Mar. 22, 2016

In a speech given Monday at a public policy luncheon hosted by the Women in Housing and Finance, Mel Watt, the director of the Federal Housing Finance Agency, said that the issue of principal reduction has been the “most challenging” that the FHFA has faced in his two years there.

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