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Hugh W. Page
Sr. Mortgage Consultant,  Prosperity Home Mortgage, LLC
2363 SE Ocean Blvd
Stuart,  Florida  34996
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"Have not heard that eith. We run all our USDA's thru Chase and even when the money runs out Chase usually buys them anyway knowing the funding will be reinstated at some point. Of course all bets off if we get a shutdown right?"    View Comment
"Fed is between a rock and a hard place. They can't continue QE or inflation might end up embedded too far into the markets psyche (might be there now anyway) and they can't end it really because who (other than the Fed) will buy the debt at these low rates? Me thinks it will continue at some level and stocks will ramp higher, and bonds will continue to range trade until the next decisive moment. At some point something's gotta give... I think at this point a low rate, higher growth scenario..."    View Comment
"All this points to the obvious fact that the Securitized Business Model of the Mortgage Industry is so seriously flawed. The Fannie / Freddie monopoly is the problem. Find a way to get rid of them and you have a chance to change our business in a meaningful way including a discussion about ways to underwrite borrowers using common sense lending. We need to make originators retain a larger share of default risk on each loan so they don't just underwrite to make it instantly saleable. They underwrite..."    View Comment
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