One of those powers, according to the filing, is: “The adoption of an agreement of merger or consolidation or the adoption of a certificate of ownership or merger.”
The White House: “Housing finance reform is a priority for the administration … At this time, no decisions have been made on any reform plan. As part of the process, however, the administration will work with Congress…”
Currently, Fannie and Freddie are allowed to maintain a maximum capital cushion of $3 billion each. Anything above that amount is swept into the U.S. Treasury. …
The three most active sellers of bulk MSRs: Stearns Lending, United Wholesale Mortgage and loanDepot, according to exclusive figures from Inside Mortgage Trends…
Some SWFs in other countries have extensive ownership interests in major corporations and sweep much of their profits into state coffers.
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