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WASHINGTON, DC-Walker & Dunlop went public last week, pricing its 10 million shares of common stock at $10 per share–below its expected $14 to $16 per share range. Without a doubt it was a disappointing start for Walker & Dunlop, with some analysts suggesting that it reflects the company’s exposure to a likely change in the Fannie Mae and Freddie Mac operations. Others suggested that it was merely a matter of timing more than anything else.

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