A regulatory board overseeing implementation of the $300 billion FHA borrower-rescue program under the recently enacted Homeownership and Economic Recovery Act of 2008 is considering guidance recommended by the mortgage industry. In a recent letter to the oversight board in charge of implementing The HOPE for Homeowners program, the Mortgage Bankers Association reiterated its support for the program and...
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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