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May 2, 2014

First Quarter HARP Volume Slows to a Trickle

By John Bancroft

The first-quarter high-LTV refi market was down 37.1 percent from the fourth quarter and off a hefty 79 percent from the $51.4 billion of business the two GSEs did back in the first three months of last year.

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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?

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