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Mel Watt

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  • Congress' 100th woman, Rep. Alma Adams of North Carolina, takes her oath

    WASHINGTON Newly elected Democratic Rep. Alma Adams of North Carolina said Wednesday that being the 100th woman in Congress comes with a lot of responsibility.
  • One subprime crisis wasn't enough?

    The following editorial appeared in the Orange County Register on Wednesday, Oct. 29: Are we really this imprudent? Mel Watt, currently head of the Federal Housing Finance Authority, recently announced plans in a speech at a Las Vegas casino, of all...

    Land bank wants Fannie, Freddie to donate homes

    Land bank wants Fannie, Freddie to donate homes
    The Cook County Land Bank may have as many as 30 properties in its portfolio by year's end, but it is aiming much higher for 2015 and expects Fannie Mae and Freddie Mac to help its efforts. The land bank is calling on the two agencies and their...

    Some homeowners miss out on housing recovery

    Some homeowners miss out on housing recovery
    Scott and Caroline Schmauderer know all the acronyms and the nitty-gritty details of the federal government's various programs to help homeowners like themselves, whose plans were derailed by the housing bust. They read up on loan modifications, but...

    How to avoid the next housing bust

    The boom-and-bust in the housing market has ruined lives, wiped out vast amounts of wealth and taught some hard lessons — including at least one that Congress has seen fit to ignore: Fannie Mae and Freddie Mac have got to go. These huge,...