Requiring mortgage servicers and loss mitigation specialists to be licensed as if they were loan originators would be counterproductive and likely impair foreclosure prevention efforts, according to industry trade groups and state regulators. Groups responded with a resounding “no” to a proposal by the Department of Housing and Urban Development in December to require the licensing of...
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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