WASHINGTON, Feb. 18, 2016 /PRNewswire-USNewswire/ -- Today, in response to FHFA Director Mel Watt's remarks on the risks posed to the housing market by the GSEs' ongoing conservatorship, Investors Unite Executive Director Tim Pagliara had this to say:
"I commend Mel Watt for his forthright comments on the risks posed to the stability of America's housing market by the never-ending GSE conservatorship. As Director Watt noted, the GSEs' woefully inadequate capital reserves pose a grave threat to the housing finance system and all American taxpayers. FHFA should use the statutory authority granted to it by HERA to advocate for the end of the Net Worth Sweep."
About Investors Unite: Formed by Tennessee investor and CapWealth Advisors Chairman and CEO, Tim Pagliara, Investors Unite (investorsunite.org) is a coalition of over 1,400 private investors from all walks of life, committed to the preservation of shareholder rights for all invested in Fannie Mae and Freddie Mac. The coalition works to educate shareholders and lawmakers on the importance of adopting GSE reform that fully respects the legal rights of Fannie Mae and Freddie Mac shareholders and offers full restitution on investments.
SOURCE Investors Unite