Fannie Mae: FHFA Director Mel Watt Holding Town Hall in Newark, NJ by Investors Unite
Federal Housing Finance Agency Director Mel Watt will be hosting another town hall meeting to inform homeowners about assistance programs offered through the Home Affordable Refinance Program, this time in Newark, NJ. The event will take place on Wednesday, March. 4 at Essex County College.
We’ve had great success with Investors Unite members getting some face time to tell Director Watt how important it is to end the conservatorship, and we’d love to see that happen with this event. In August, a team of investors, including IU Executive Director Tim Pagliara, traveled to Atlanta where they held a press conference and managed some one-on-one time with Director Watt. A few of our members also met in Detroit when Mr. Watt had a town hall there. Seeking Alpha’s David Sims wrote a piece about our investors who traveled to Miami for another of Director Watt’s townhall events.
It is so important for investors to have a voice in the ongoing debate on mortgage finance reform. These townhalls are a great forum for us to respectfully convey the message to Director Watt that not only does FHFA have the legal authority granted in the Housing Economic Reform Act (HERA) to end the conservatorship, but that keeping it and the Third Amendment Sweep in place could wind up doing more harm to taxpayers than good.
In a rare interview with Harvard Business School that was published online earlier this month, (it has since been taken down) value investor Seth Klarman spoke at length about his investment process, philosophy and the changes value investors have had to overcome during the past decade. Klarman’s hedge fund, the Boston-based Baupost has one of Read More
If you’re close enough to Newark that you think you’d like to attend this townhall, drop us a line at firstname.lastname@example.org. It is through engagement in events like this that we can continue to advocate for shareholder rights.
More from Investors Unite
- FHFA Townhall Meetings in Atlanta, Detroit and Miami
- Investors Unite Members Meet Director Mel Watt
- FHFA Promotes President Obama’s Housing Program In Detroit
- Investors Unite Travels to Atlanta Calling on Mel Watt to End Conservatorship of Fannie Mae & Freddie Mac Shareholders
- GSE Shareholder Group Wants FHFA to End Conservatorships Now