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October 6, 2014

Industry Deconsolidation Continues, Wells’ Share of GSE Market Gets Smacked

By John Bancroft

IMT also found that in 3Q, seven of the top 15 sellers to Fannie and Freddie were 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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