Agencies Accept New Role in Lending, But Fraud Still Poses Major Problems
April 30, 2009
Government officials said their agencies’ role in the mortgage industry is finally honing in on appropriate levels necessary to provide a foundation to the troubled market, but the rapid spike in business is still leaving the door open for fraudulent activity from all angles. Nowhere is the new role of government lending more apparent than at the FHA, which insured...
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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