Melvin Watt, the Director of the Federal Housing Finance Agency (FHFA), addressed the U.S. Senate Committee on Banking, Housing and Urban Affairs on Wednesday, November 19, 2014, to provide an overview of the FHFA’s statutory responsibilities, an update on Fannie Mae and Freddie Mac’s (the “GSEs”) financial condition, FHFA's supervisory and conservatorship activities related to the GSEs, and an update on the Federal Home Loan (FHL) Bank System’s financial condition and FHFA's regulatory activities related to the FHL Banks. To review a transcript of Watt’s speech, please click here.
