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September 9, 2014

Mortgage Buybacks by Depositories Fall to Lowest Level Since 1Q 2008

By John Bancroft

Bank of America was once again the buyback king at the midway point in 2014.

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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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