The Home Affordable Modification Program continues to be criticized for the pace of activity, but one segment of the market has embraced HAMP: servicers with loans in portfolio. While HAMP accounted for 27.0 percent of all mods completed by major banks and thrifts in the fourth quarter of 2010, HAMP accounted for 50.2 percent 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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