The new regulator for Fannie Mae and Freddie Mac said Wednesday he was delaying planned fee increases by the seized mortgage finance giants because he wanted to assess the impact on the housing market.
Melvin L. Watt, who was sworn in as director of the Federal Housing Finance Agency on Monday, quickly showed there would be a change in the direction of government oversight of Fannie and Freddie.
He said he intended “to conduct a thorough evaluation” of an increase in fees the firms charge lenders to guarantee mortgages. Those increases, which would make mortgages more expensive, were set to take effect in March and April.
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