Federal housing regulators have warned major mortgage lenders against using pre-qualifications and worksheets on undecided borrowers as a way to avoid providing the good faith estimate as required by new Real Estate Settlement Procedures Act regulations.In a Feb.18 RESPA workshop conducted by the Department of Housing and Urban Development, agency officials said some lenders...
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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