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March 12, 2014

Springleaf Strikes Deal to Sell $1 Billion of Loans Serviced by Penny Mac

By Paul Muolo

Springleaf is no longer making new real estate-backed loans, but it continues to shed legacy mortgages.

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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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