Industry Groups Mold RESPA Reform Views As HUD Pushes Toward Another Proposal
July 20, 2006
If they took penalty kicks in regulatory reform this could have been over years ago. Mortgage industry groups are gearing up for a new round of lobbying over reform of Real Estate Settlement Procedures Act rules that govern how loans are marketed to consumers. The Mortgage Bankers Association last week asked its members to weigh in on three possible reform proposals the trade group will propose to the Department of Housing and Urban Development. HUD…
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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