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Volume 2014 - Number 4

January 31, 2014

Obama Barely Mentions Housing in State of the Union Speech; Treasury Official Says No To HARP Extension

President Obama’s scant mention of housing finance reform or mortgage policy during this week’s State of the Union address was not entirely a surprise, say industry observers, but an administration official’s remarks last week on the Home Affordable Refinance Program’s outlook were more encouraging. Obama spoke of housing exactly twice during his prime time speech: first to describe the housing market as “rebounding” and again to demand from Congress “legislation that protects the taxpayers from footing the bill for a housing crisis ever again.” Fannie Mae or Freddie Mac were mentioned...

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This weekly covers the secondary mortgage market, including mortgage-backed securities and asset-backed securities.



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