Foreign Controlled Industry Firms On The Government’s Radar Now

HUD Begins To Dig Deep On Foreign National Influence In The Industry

The title of the article sounds like a late night Trump tweet. The only problem is that the Japanese now control nearly three quarters of all Mortgage Field Service Prime Vendors in the United States. The only problem appears to be that the firms being acquired by New Residential Investment Corporation are not to keen on the reporting requirements they are obligated to follow. Part of those requirements pertain to informing the US Department of Housing and Urban Development (HUD) of their sale if they . . .

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