Fresh Today

Fresh Today

WASHINGTON–While there has been considerable discussion of privatizing the two government-sponsored enterprises in mortgage lending, especially as a new Congress and administration take office, at least one analyst is saying the market shouldn’t hold its breath.

LIVONIA, Mich.–CU Solutions Group (CUSG) said it has entered into a definitive agreement to acquire 60% of CU Wallet, LLC for a five-year, $3-million working capital loan and a $3-million exchange of CUSG stock with existing CU Wallet “Class A” shareholders.