What Watt’s Banking Committee Testimony Means for GSE Reform

Morning Consult, May 15, 2017–Ryan Rainey
David Stevens, chief executive of the Washington-based Mortgage Bankers Association, said Federal Housing Finance Agency Director Mel Watt could face political blowback if he takes independent action to protect the capital buffer. That, in turn, could lead to uncertainty, which could also cause markets, or Congress, to fret.