Legislative changes to the FHA Home Equity Conversion Mortgage program have had a mostly positive effect on lenders and borrowers, but the lack of secondary market availability for these loans has caused a downward confluence on many lenders’ plans, a recent report from the Government Accountability Office concluded. The report noted that Fannie is making changes to its HECM business...
Christopher Stanley, a security engineer at SpaceX, is the first member of Elon Musk’s Department of Government Efficiency to join a GSE board.
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