Senate Adds Crisis Commission to Legislation Beefing Up Efforts to Combat Mortgage Fraud
April 30, 2009
The Senate voted overwhelmingly this week to provide more funding to combat mortgage fraud and establish a potentially controversial commission to study the factors that led to the economic crisis that began in the financial markets. The House is working on similar legislation. In a 92-4 vote, the Senate moved to approve the Fraud Enforcement and Recovery Act, which authorizes...
Some SWFs in other countries have extensive ownership interests in major corporations and sweep much of their profits into state coffers.
News Tailored to Your Needs
Get Focused Coverage
Inside Mortgage Finance's newsletters break the mortgage market down so you get the news and data you need most, whether it's total industry coverage or just the news related to securitization, regulation, profits or other specific topics.