Only about 10,000 homeowners received permanent loan modifications under the Obama administration’s Home Affordable Modification Program, a tiny percentage of the 650,000 trials that are underway, according to a Congressional Oversight Panel report released this week. The COP reported the biggest challenge in successfully converting trial mods is that only...
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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