The Department of Housing and Urban Development last week issued an interim rule that implements a number of changes to the FHA HOPE for Homeowners program authorized by Congress last year. The program got off to a terrible start, refinancing just a single loan in the first year, but 35 loans have been endorsed as of this week and HUD has received 1,000 applications, an agency spokesman said. Among the key...
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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