Financial Services – Push and pull in Mortgage Industry…
Dems Sharply Criticize FHFA’s Watt on Principal Reductions
BY VICTORIA FINKLE
NOV 19, 2014 4:49PM ET
WASHINGTON — Only eleven months after cheering Federal Housing Finance Agency Director Melvin Watt’s confirmation, Senate Democrats are fed up with the pace of reforms at the agency.
In a sometimes-tense hearing before the Banking Committee on Wednesday, several top Democrats, including Sens. Elizabeth Warren, D-Mass., Robert Menendez, D-N.J. and Jeff Merkley, D-Ore., had tough questions for Watt…