The federal agency overseeing the mortgage insurance giants Fannie Mae and Freddie Mac signaled a robust federal involvement in the mortgage markets for the foreseeable future, working to make more ... more 
The federal agency overseeing the mortgage insurance giants Fannie Mae and Freddie Mac signaled a robust federal involvement in the mortgage markets for the foreseeable future, working to make more credit available to home buyers even as it tries to reduce the risk to taxpayers. In his first major speech since taking over the agency in January, Federal Housing Finance Agency Director Mel Watt said on Tuesday, he did not weigh in on the various proposals in Congress to overhaul housing finance policy. His remarks came as the Senate Banking Committee considers legislation that would eventually phase out Fannie and Freddie's central role in the mortgage markets. A committee vote could come Thursday. less 
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Wochit
Tue, May 13, 2014 3:51 PM EDT