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September 26, 2014

HUD IG Audit: Lenders Posted $428 Million in Gains by Modifying Delinquent FHA Loans

By Paul Muolo

In its rebuttal, FHA argues that if the delinquent loans had not been worked out, lenders would have been entitled to $5.2 billion of insurance claims – money the MMIF could ill afford.

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After the November elections, how long will it take for a new Congress and White House to pass GSE reform legislation?

I’m confident a bill will be passed the first year.


2 to 3 years. GSE reform is complicated.


Sadly it won’t happen in a Clinton or Trump first term.


Not in my lifetime.


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