Market size, interest rate risk and a novel asset — mortgage servicing rights — combine to create a complicated investment decision for banks and private equity.
Prosecutors say the defendants doctored the income and purchase prices multifamily properties by maintaining a second set of books, and using fake liens, false contracts, and inflated invoices...
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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