Texas Congressman Randy Neugebauer believes that most loan modifications are a waste of time and should be halted now. How does the conservative congressman from Texas feel about private sector mods? Since he's a private sector kind of guy, he's in favor of them. HAMP mods, though, are a complete waste of time in his book. Meanwhile, and more importantly, the new chairman of the House Financial Services Committee on Oversight and Investigations, wants Fannie Mae and Freddie Mac out of the jumbo business. For the complete story on that and 'g-fees,' see the National Mortgage News website…
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