A number of major mortgage servicing companies have been directed to submit to Congress plans for implementing mass modifications of troubled mortgages. Calls to servicers for more aggressive cures for troubled mortgages has grown louder in recent weeks as industry loan modification efforts seem to have had little impact in heading off rising foreclosures around the...
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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