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January 31, 2014

What We’re Hearing: Are Lenders Faking Their Rate Sheets? / Cash Help on the Way for Nonbanks / Waiting for Godot and Jumbo MBS / Obama's Big GSE ‘Miss’ / Black Rock Likes Wally and Penny / Congressman’s Trailer Park Talk With Bad Numbers

By Paul Muolo

At deadline we got wind of a former Wall Street investment banker who is setting up a fund to help independent mortgage firms (nonbanks) raise capital.

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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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