Flexibility on Portfolios May Goose GSE Reform, But National Predatory Lending Bill Given Little Chance
Key Bush administration officials suggested there may be some wiggle room for negotiators trying to come up with a legislative compromise on the controversial retained portfolios of Fannie Mae and Freddie Mac. There’s a fair chance that long-awaited regulatory reform of mortgage settlement rules could see the light of day this year, but top legislators say the mortgage industry will likely have to wait a while longer before lawmakers come up with a national…