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October 22, 2014

First Republic, Chase Team Up on Unique New Jumbo MBS

By Brandon Ivey

The new jumbo security from JPMorgan Chase is scheduled to be issued on Oct. 30.

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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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