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March 9, 2018

What We’re Hearing: The Federal Reserve Worries (Big Time) About Nonbank Mortgage Firms / Junk Status / The DeMarco-Bright Plan Critiqued / Finally, a Sensible and Fair Proposal on GSE Reform / Layoffs at Guaranteed Rate

By Paul Muolo

The Federal Reserve has a name for the credit quality of nonbanks: junk.

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