Many servicers have been waiting since the FHA-Home Affordable Modification Program began last August for word on how and when incentive payments would be distributed for successful modifications. The Treasury Department last week finally unveiled the details of the incentive payment structure, and servicers and borrowers could see their first payments sometime in August. If a borrower’s monthly...
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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