Despite lenders’ promises to help borrowers, foreclosure is still the most common outcome for homeowners struggling to make mortgage payments, the California Reinvestment Coalition’s latest survey on loan modification has found. In its third survey of industry efforts to help distressed California homeowners avoid foreclosure, the CRC found that mortgage servicers are still not doing enough to...
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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