We keep hearing reports that a former Freddie Mac official (post the federal takeover) is working on creating a 'mega' platform to originate loans. We have a name and presently are trying to confirm details. This official also worked on Wall Street. What does all this say about mortgage banking? Answer: that there is plenty of opportunity in the ruins. Let's face it: housing won't be on its back forever. The great unknown continues to be: when will a true recovery come? Of course, if it was that easy…
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