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    Fannie, Freddie regulator looks to unify mortgage securities

    23.02.12 The U.S. is studying a single way to package home loans into securities as an interim step toward a system that could outlive Fannie Mae and Freddie Mac, mortgage-finance firms that have faced an uncertain future in the wake of the housing market's bust.

    The Federal Housing Finance Agency, the federal regulator for Fannie and Freddie, on Tuesday said it is looking at the development of a system that could take the place of the proprietary ones of both companies.


    Source: Fox News

    Conn. to reap millions in mortgage settlement

    23.02.12

    Connecticut lawmakers will be briefed on the details of a $25 billion settlement of a multi-state lawsuit against the nation’s five largest mortgage servicers.

    Attorney General George Jepsen is scheduled to discuss how the agreement affects Connecticut during a special hearing of the General Assembly’s Banks Committee on Tuesday. He was invited by the committee’s co-chairmen, Sen. Robert Duff of Norwalk and Rep. William Tong of Stamford.


    Source: Boston.com

    Attorney General Talks Mortgage Settlement

    23.02.12 IDAHO FALLS, Idaho -- The Idaho attorney general warns of a new scam related to the recent multi-state mortgage service settlement.

    Callers are pretending to have a list of consumers who are eligible for money from the settlement.

    According to the attorney general's office, these
    Source: LocalNews8.com