by Calculated Risk on 12/20/2013 10:15:00 PM

From Nick Timiraos at the WSJ: FHFA to Delay Increase in Mortgage Fees By Fannie, Freddie

Rep. Mel Watt (D., N.C.), the incoming director of the regulatory agency that oversees Fannie Mae and Freddie Mac, said Friday night he would delay an increase in mortgage fees charged by the housing-finance giants, which was announced earlier this month by that agency.

Mr. Watt ... is set to be sworn in on Jan. 6 ... Upon being sworn in, "I intend to announce that the FHFA will delay implementation" of the loan-fee increases "until such time as I have had the opportunity to evaluate fully the rationale for the plan," he said in a statement.

Good news on a Friday night!