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May 7, 2014

Short Takes: The Strange Case of Richard Hornsby and Ed DeMarco / Quite a Quarter for Radian / Ostendorf on Clayton / Marc Savitt Returns and Promises to be a Pest to the CFPB / Mel Watt Focuses on Affordable Housing

By Paul Muolo and

Before joining the FHFA in late 2011, Hornsby spent 26 years at the Federal Reserve Bank of San Francisco, the last 10 under Janet Yellen, who is now the nation’s central banker.

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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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