The FHA finalized its temporary waiver of an existing regulation preventing rapid re-selling of FHA-insured homes last week, but a government watchdog expressed concern that the change will open new opportunities for fraud. The Department of Housing and Urban Development published a rule in the May 21 Federal Register noting that for certain home sales made on or after Feb. 1 this year...
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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