Bill Sympathetic to Industry Seeks 18-Month Moratorium on HVCC
July 6, 2009
Pressure mounted on the Federal Housing Finance Agency, Fannie Mae and Freddie Mac to set aside the highly controversial Home Valuation Code of Conduct, which the GSEs adopted May 1.Legislation was introduced that would impose an 18-month moratorium on the HVCC, while industry groups are asking both Fannie and Freddie for a similar delay...
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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