Judging from Watt's attempts to expand the role of both Fannie Mae and Freddie Mac, these investors may be on to something.
At Fannie Mae and Freddie Mac, Investors Get the Cold Shoulder By Amanda Alix | More Articles | Save For Later May 25, 2014 | Comments (0) Source: Flickr / rottnapples. If you thought that mortgage giants Fannie Mae ( NASDAQOTCBB: FNMA ) and Freddie Mac ( NASDAQOTCBB: FMCC ) were on their way to oblivion, think again. The new head of the Federal Housing Finance Agency, Mel Watt, has decided that expanding mortgage credit and repaying taxpayers are a priority for the two agencies – and he can't say enough about it. As for Fannie and Freddie shareholders, Watt recently told an interviewer: " I don't lay awake at night worrying about what's fair to the shareholders ." A step backward for the GSEs? With Watts at the helm, the two government-sponsored enterprises appear to be experiencing a renaissance of sorts . In recent speeches and interviews, the new FHFA chief...