The Department of Housing and Urban Development announced a resolution to a messy situation with Ideal Mortgage Bankers, doing business as Lend America, withdrawing the lender’s FHA approval and effectively putting the company out of business. Lend America became a symbol of small lenders taking advantage of the FHA lending boom during an otherwise turbulent time in the mortgage market, but HUD...
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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