GOP puts Fannie, Freddie in sights

[Geee]

The Hill:

Housing industry experts expect congressional Republicans to focus on oversight of housing market regulators next year, instead of legislation.

 

Given the struggle to reach a consensus on what to do with Fannie Mae and Freddie Mac, industry officials are betting that House and Senate committee leaders will spend most of their time monitoring Mel Watt, the director of the Federal Housing Finance Agency (FHFA).

 

Republicans are worried that Watt could push Fannie and Freddie back into their past practices, which led to a nearly $190 billion taxpayer bailout and government conservatorship in 2008.