FHFA Director Defends 97% to Lawmakers
Mel Watt testifies before House Financial Services Committee
Jan. 28, 2015
By JIM PUZZANGHERA Los Angeles Times (Tribune News Service)
REPORTING FROM WASHINGTON — The regulator for bailed-out housing finance giants Fannie Mae and Freddie Mac told lawmakers Tuesday that new programs to back mortgages with down payments as low as 3 percent had enough safeguards to make them as safe as loans with higher down payments.
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