The largest rumor floating around so far has been that he will postpone the LLPA’s and fees that DeMarco was increasing on the GSE’s. Some more moderate or liberal views are saying that Watt will help continue the increasing housing market and that he’s looking at the bigger picture. Other more conservative views are pointing out that Watt aims to undo much of the work DeMarco and his predecessors have done to fix the broken and unstable market and that he could send us into yet another housing bubble by encouraging buyers who simply can’t afford a home purchase. It won’t take long until we know what his true stances will be moving forward.
This was the first ever Director of the FHFA to be sworn in by the Senate. His predecessor was “Acting Director” who replaced James Lockhart, the Director of the office of Federal Housing Enterprise Oversight which eventually became the FHFA.
Having a confirmed director would provide "greater policy certainty" to the housing industry, "which could increase their willingness to invest for the future," said Gene Sperling, the director of the White House National Economic Council, in a speech last month. (Timiraos, 2013)
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Timiraos, Nick. (2013, December 10). Senate Confirms Rep. Mel Watt to Lead Federal Housing Finance Agency. The Wall Street Journal. Retrieved from http://online.wsj.com/