The FHA will no longer require two separate appraisals on high-cost loans for properties in declining markets, the Department of Housing and Urban Development announced this week. The new rule went into effect Nov. 18. The two-appraisal rule was instated during the middle of the housing crisis in April 2008, but FHA Commissioner Stevens said “we did not find our previous policy to be particularly helpful...
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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