The latest developments in Washington signal a tectonic shift in the mortgage servicing field, one that threatens to upend the fragile ecosystem of labor and oversight upon which the housing market depends. On Friday, multiple outlets revealed that the Trump administration may launch an Initial Public Offering for Fannie Mae and Freddie Mac later this year, potentially raising around $30 billion and valuing the companies at a staggering $500 billion or more combined. But behind the headlines of high finance and deficit reduction lies a looming crisis for Field . . .
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