The House Financial Services Committee agreed to key changes during markup of the mortgage reform bill this week, including expansion of a “qualified loan” safe harbor to include loans other than 30-year fixed rate mortgages and new flexibility that will allow federal regulators to set, adjust or even drop a 5 percent risk-retention requirement for originators. H.R. 1728, the Mortgage...
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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