Lenders and borrowers should be able to reward mortgage brokers appropriately for suitable loan products that may require some extra effort to obtain, provided no steering occurs, according to industry groups. The groups warned that the Federal Reserve Board’s proposal to prohibit loan originators from receiving compensation based on the rate and terms of loans threatens to undo commission-based...
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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