Industry Seeks Reduction of Risk Retention Share in House Bill
December 7, 2009
Mortgage industry participants are urging leaders of the House of Representatives to reduce the credit-risk retention requirement in a comprehensive reform bill, warning of dire consequences for both lenders and consumers. Seven trade associations representing independent mortgage banks, community banks, homebuilders and federal credit unions called upon House Speaker Nancy Pelosi...
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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