patrick.net

http://news.yahoo.com/regulator-opens-door-wider-americans-mortgages-134157650--sector.html

Heraclitusstudent says

Note the timing: This didn't come in 2011, it comes as prices have raised to unaffordable levels.

Noted.

>
Federal Housing Finance Agency Director Mel Watt, in his first public speech since taking office in early January, said he would hold off on a proposed reduction in the size of loans the firms can buy, and added he was jettisoning plans to reduce the financing they provide for apartment building loans.

Isn't the same Mel Watt who had gutted the Audit the Fed bill?
This is a zero-hedge link from 2009:
http://www.zerohedge.com/article/less-opaque-look-mel-watts-motivations-kill-audit-fed-bill

There has been lots of speculation on why Representative Mel Watt has done his best to make sure that the Audit the Fed bill will be gutted, and why the Congressman is willing to promote the same irresponsible and unaccountable bubble-inflating behavior that got us to the current Fed-sponsored, bubble-reflation attempt, which is practically guaranteed to end much worse than just a few Goldman competitor banks imploding here and there.

gsr says

There has been lots of speculation on why Representative Mel Watt has done his best to make sure that the Audit the Fed bill will be gutted, and why the Congressman is willing to promote the same irresponsible and unaccountable bubble-inflating behavior that got us to the current Fed-sponsored, bubble-reflation attempt

Mel Watt represented the North Carolina 12th, a gerrymandered district along the I-85 corridor, which includes portions of Charlotte. What major banks were based in Charlotte prior to the financial crisis? What major bank is still based in Charlotte after the financial crisis and which major bank still has major operations in Charlotte post-financial crisis? If you can answer those questions, you don't need to speculate.

Heraclitusstudent says

Well, someone named him to regulate Fannie Mae and Freddie Mac, yes?

Different question -- I was talking about the audit the Fed bill.

As for his views on Fannie and Freddie, I need to do more research to have an opinion -- I'm not entirely sure what the current plan is because this thread didn't give any context.

Financial fraud is an equal opportunity employer. Just ask Deval "Ameriquest" Patrick. Just how dumb are Massachusetts voters anyway? And the tan man Mozillo was a person of color, too. And there ain't no one more Latino than descendants of former Latin speakers, like Mozillo.