Melvin Watt: “unequivocally . . . it is the role of Congress, not FHFA, to make the decisions that chart the path out of…”

Don't expect me to disregard the law and do it for you.

There is nothing worse, I have found, in this area of the market than uncertainty, and the longer this drags out, the more uncertainty there is.

There is no rational reason, if you think about it, why a superior tax lien would be having an interest rate of 10, 11, 12 percent when a lien subordinate to it is going at 4 percent or 5 percent.

This is in line with my consistently repeated belief that it is the role of Congress, not FHFA, to decide on housing finance reform.