Watt Appoints Special Advisors to Help Guide Decision Making

Mortgage & Real Estate

The new Federal Housing Finance Agency director is bringing four special advisors into the agency to help him as the new regulator of Fannie Mae, Freddie Mac and the Federal Home Loan Banks.

FHFA director Mel Watt appointed Megan Moore, Bob Ryan, Eric Stein and Mario Ugoletti to provide counsel on policy and strategic decisions, the agency said Friday.

Along with the strong staff already in place, these advisors have diverse skills and experience in housing finance policy that will help me build a stronger foundation for our nation’s housing finance system, says Watt.

Ryan served as FHA’s chief risk officer (2009-2012) and recently as the senior vice president for capital markets at Wells Fargo Home Mortgage.

Stein worked in the Treasury Department (2009-2010) and will serve as Watt’s acting chief of staff initially and later as a special advisor for consumer affairs. He is known for his work at the Center for Responsible Lending.

Moore will be a special advisor for intergovernmental affairs. She has worked at the Treasury Department’s Office of Legislative Affairs since 2009.

Ugoletti has served as a special advisor to acting FHFA director Edward DeMarco since 2009 and will continue to serve as a special advisor to Watt.

It unclear how long DeMarco will remain at the FHFA. He has yet to announce his plans.

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