Mel Watt

Love him or hate him, Treasury Secretary Steven Mnuchin may be the best and last hope for Federal National Mortgage Association (OTC: FNMA) and Federal Home Loan Mortgage Corp (OTC: FMCC) investors. Mnuchin’s ability to assemble a “dream team” of cooperators as heads of Fannie Mae...

Federal Home Loan Mortgage Corp (OTC: FMCC) and Federal National Mortgage Association (OTC: FNMA) shares caught fire Thursday, jumping more than 11 percent each after a new letter to Treasury Secretary Steven Mnuchin and Federal Housing Finance Agency director Mel Watt demonstrated that Congress...

What a difference two little letters can make. Shares of Federal National Mortgage Association (OTC: FNMA) and Federal Home Loan Mortgage Corp (OTC: FMCC) are both up 4.8 percent this week after both government-sponsored enterprises included the word “if” in their quarterly financial...

Federal Housing Finance Agency director Mel Watt testified in front of the Senate Banking Committee last week and said his top priority regarding Federal National Mortgage Association (OTC: FNMA) and Federal Home Loan Mortgage Corp (OTC: FMCC) is to ensure that they're capitalized enough so...

On Thursday, director of the Federal Housing Finance Agency Mel Watt reportedly testified in front of the Senate Banking Committee calling for Federal National Mortgage Association (OTC: FNMA) and Federal Home Loan Mortgage Association (OTC: FMCC) to begin retaining their earnings rather than...

On Thursday morning, Treasury Secretary Steven Mnuchin had his first sit-down interviews with Fox Business (Twenty-First Century Fox Inc (NASDAQ: FOXA)) and CNBC since his confirmation. One of the hot-button topics that Mnuchin discussed is the fate of Federal National Mortgage Assctn Fnni Me (OTC...