The outcries for more controls over FHA Home Equity Conversion Mortgages reached a new decibel level this week, as a report from the Government Accountability Office and a hearing in the Senate Special Committee on Aging both yielded more potential problems with the product. HECM loans, which make up 90 percent of the total reverse mortgage market, can provide borrowers...
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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