May 13, 2014 9:34 AM

Fannie Mae and Freddie Mac expand their housing market role

Mel Watt, the director of the Federal Housing Finance Agency, said in his first public speech that the agency will not reduce current limits on the amounts of mortgages that Fannie and Freddie can purchase. The decision was based on concerns that a reduction could negatively affect the health of the $10 trillion housing finance market, he said.

Related content