When it rains, it pours. And the inevitable has finally come to pass with respect to the vulture capitalists whom operate as non bank servicers in the mortgage industry. Last week, Mark Calabria, director of the Federal Housing Finance Agency, which oversees Fannie Mae and Freddie Mac, said in an interview on CNBC that a liquidity facility for servicers might be necessary after a few months – but not now. And that did . . .
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