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July 31, 2014

MBA Pushing for Expansion of LO Testing to Bank Employees

By Brandon Ivey

The changes sought by the MBA would also allow mortgage loan officers at banks to more easily transition to working for nonbanks.

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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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