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Volume 18 - Number 12

June 13, 2014

First Quarter 2014 Losses Distributed Unevenly

The bloodbath in mortgage-production losses during the first quarter of 2014 did not occur uniformly across the industry and appears to be related to the failure of many companies to downsize quickly enough, new Mortgage Bankers Association data suggest. Average pretax income as a percentage of equity was -3.15 percent during the first quarter, the MBA said in its Quarterly Mortgage Bankers Performance report. That was the first negative profit margin since ...

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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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