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April 8, 2014

New York State Launches Inquiry Into Ellie Mae Tech Snafu

By Paul Muolo

New York regulators want to know whether the additional costs will be passed onto consumers. Ellie Mae is not commenting.

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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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