Federal banking regulators are looking at ways to recast the Community Reinvestment Act to support economic recovery, including rule changes that would allow banks to earn extra CRA points for easing the problem of vacancy and abandonment of foreclosed homes.A recent proposal from the Federal Reserve Bank of Cleveland would award “outstanding” marks to banks that focus on...
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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