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January 16, 2014

Short Takes: Flagstar Gives Pink Slips to 600 / Fenway Summer Light on Advisory Work / Black Knight Sees Mortgage ‘Gold’ / PHH Stock Price Up, Up and Away / The Return of First Franklin’s Andy Pollock / Fidelity Mortgage Accused in Kick-Back Scheme

By Brandon Ivey and Paul Muolo

According to figures compiled by Inside Mortgage Finance, Flagstar is the nation’s second largest wholesale/broker lender. It also has a fairly large presence in the warehouse market.

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After the November elections, how long will it take for a new Congress and White House to pass GSE reform legislation?

I’m confident a bill will be passed the first year.


2 to 3 years. GSE reform is complicated.


Sadly it won’t happen in a Clinton or Trump first term.


Not in my lifetime.


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