The bulk of the contributions for the MBS were aggregated by Invictus’ Verus Mortgage Capital affiliate. Servicing will be handled by Specialized Loan Servicing.
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The two GSEs were placed in conservatorship in September 2008 by Treasury and the Federal Housing Finance Agency. At the time, their common and junior preferred shares were considered worthless.
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The revised Financial CHOICE Act from Rep. Jeb Hensarling, R-TX, would substantially limit the authority of the Consumer Financial Protection Bureau.
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