The Department of Housing and Urban Development is trying to bar New York-based Lend America from making FHA loans, citing 12 separate violations for which the agency will seek sanctions. HUD, with help from the U.S. Attorney for the Eastern District of New York, sought a temporary civil injunction against Lend America, which legally is called Ideal Mortgage Bankers, to prevent it from originating any...
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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