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What Downgrade?

The CEO of loan originator Walker & Dunlop, Willy Walker, gave an interview to Globe St. about his thoughts on the S&P downgrade and the report that President Obama wants to keep the government more involved in the mortgage industry. He covers a lot of ground in a few short minutes: privatization, multi-family financing, and Fannie and Freddie reform. It's worth a read and might put your mind at ease if you think the downgrade spells certain doom. [Globe St.]