The nation’s biggest housing government-sponsored enterprises have announced major increases in their cash incentives available to loan servicers who help delinquent borrowers avoid foreclosure. Freddie Mac, which reported an $821 million loss in 2Q08 last week, has doubled its incentive package. Compensation for repayment plans will rise from $250 to $500, while the incentive payment for...
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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