The House of Representatives this week began deliberations on a legislative package that includes improvements to the HOPE for Homeowners program and an effort to protect FHA and VA lending under an emerging bankruptcy cramdown scheme. The Obama administration has already signaled support for both concepts by including them in its Housing Affordability and Stability...
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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