Subprime and nontraditional mortgage products are finding less support among the Federal Home Loan Banks and their members, according to a report recently submitted to Congress by the Federal Housing Finance Agency.The study of FHLBank Advances and Interagency Guidance on Nontraditional Mortgages discusses the extent to which mortgage loans and securities used as collateral...
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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