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March 17, 2014

Short Takes: Senior Preferred Shareholders Clean Up Under Johnson-Crapo / Well at Least, Affordable Housing Would Get a Boost / But Dems Still Love Fannie and Freddie / Wells Fargo’s Foreclosure Handbook Draws Scrutiny / Yes, the Wells-Ocwen MSR Deal is Still On, But…

By Charles Wisniowski, Paul Muolo

How does the Johnson-Crapo bill favor senior preferred shareholders? The language notes that when assets in Fannie and Freddie are eventually sold, the idea is to “maximize the return for the senior preferred share-holders of the enterprises”…

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