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October 6, 2014

Short Takes: 3Q (Mortgage) Earnings Blues for the Megabanks? / Mr. Ackman, Would You Like to Restate That Prediction? / Rudy Orman Leaves RCS / A ‘Friends of Tony’ Mortgage? / Selling Loans and MSRs

By Paul Muolo

Back in May, Pershing Square founder William Ackman said the common stock of Fannie Mae and Freddie Mac could be worth at least $23 a share. Huh?

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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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