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March 20, 2014

Short Takes: Nonbanks Get a Raw Deal From Johnson-Crapo? / Bring on the Spring Home Buying Season Already / Impac Continues to Lose Money / New Residential Earns a Ton / Former Wells Fargo LO Pleads Guilty

By Paul Muolo

The Johnson-Crapo bill would subject Quicken and all the other nonbanks to FDIC-like examinations.

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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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