The Department of Housing and Urban Development this week unveiled the beefed-up agency budget for fiscal 2010, outlining major increases to FHA’s discretionary authority. The core FHA lending program is projected to make $1.71 billion next year, though the reverse mortgage program will need a large subsidy to stay afloat and HUD Secretary Shaun Donovan said he can’t guarantee that fees...
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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