There was plenty of chatter in the hallways at the annual servicing conference sponsored by National Mortgage News and its parent SourceMedia. Here's one interesting tidbit that I picked up: former vice president Dan Quayle played a behind-the-scenes role in GMAC getting its TARP money. (When George H. Bush was president, a friend of Quayle's from Indiana ran the Federal Housing Finance Board.) At the show there was also talk that several large banks are having undue influence on the government's loan modification program. In other words: who do you think put the idea in Treasury's head to give servicers $1,000 for participating in loan mods? Stay tunedâ¦
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