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FHFA Director Mel Watt warned Thursday that to prevent a potential draw on the Treasury Department by the government-sponsored enterprises, he is willing to act unilaterally to rebuild capital at Fannie and Freddie.

The inspector general of the Federal Housing Finance Agency said the regulator should consider firing Fannie Mae CEO Timothy Mayopoulos for not properly disclosing he was dating a senior executive at a bank that does business with the mortgage-finance giant.

Fannie Mae said it expects to make a $2.8 billion dividend payment to the U.S. Treasury in June after reporting a first-quarter profit driven by a relatively stable mortgage market and a continued decline in delinquencies.

The House Financial Services Committee approved the Financial Choice Act by 34 to 26. While it has enough support to clear the GOP-controlled House, it is unlikely to gain traction in the Senate.

The House Financial Services Committee began debate Tuesday on a sweeping regulatory reform bill, yet while it is expected to pass on party lines, few expect it to stand a chance in the Senate.

No matter what form government-sponsored enterprise reform takes, Federal Housing Finance Agency officials are stressing that it should account for the fact that the GSEs' capital buffer will soon hit zero.

The Treasury secretary on Monday reiterated an aggressive timetable for tackling the future of Fannie Mae and Freddie Mac, an issue that has long flummoxed Congress.

President Trump is scheduled to meet with the top leadership of the Independent Community Bankers of America on Monday.

The new Democratic strategy to block GOP Dodd-Frank rewrite is to give it more airtime.

Treasury Secretary Steven Mnuchin's upcoming report on how to rewrite financial regulation is likely to end up looking very similar to a Dodd-Frank overhaul plan in the House.