The Obama administration’s nominee to be the next president of Ginnie Mae, Theodore Tozer, told lawmakers of his general plans to confront the agency’s problems, and sources indicate that he will be confirmed soon to take the helm. Tozer, a former official at National City Mortgage, follows on the path of FHA Commissioner Dave Stevens as leaders of government housing agencies with backgrounds in the...
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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