On the recordMay 10, 2017
Senator, that is just not true now. What we did not do was principal reduction, but there are millions and millions of people that we have provided relief for whose homes were in jeopardy.
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congress.govMelvin Watt: “Senator, that is just not true now. What we did not do was principal reduction, but there are millions and millions of…”
Editor's note · Context
Watt defends FHFA's actions, stating they provided relief despite not doing principal reduction.
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More from Melvin Watt
Dec 11, 2013
Only in America could somebody be confirmed to this position that has the regulatory authority over the bulk of housing in this country.
May 22, 2018
unequivocally . . . it is the role of Congress, not FHFA, to make the decisions that chart the path out of conservatorship and to the future housing finance system.
Oct 28, 2013
I simply wanted to rise and pay tribute to the memory of my dear friend and colleague, Major Owens, who passed last week. I express my condolences to his family. As new Members, we take for granted sometimes that there is a system in place…
Dec 12, 2013
This is definitely the last time I will be addressing this House. As my colleague, David Price, has indicated, I have been confirmed to a new position as regulator and director of the Federal Housing Finance Agency. I just wanted to take a…
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