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Walker & Dunlop's multi-faceted growth plan is particularly important given the continuing debate over GSE reform. Currently, the sentiment from economists and housing experts suggests Congress will not take steps to overhaul Freddie and Fannie in 2013 because other issues—like taxes and spending—are more critical to the nation's economy.

“Big GSE reform is way down the road,” Christopher Mayer, professor of real estate at Columbia University, said at a housing summit sponsored by the American Action Forum and the Progressive Policy Institute in October, according to congressional newspaper The Hill. But reform is bound to happen. “Politics have driven policies about the GSEs and that's not what makes sense for a functioning market,” Mayer said. “We need to reduce significantly the government footprint and role of regulators, and we'll eventually need congressional action to push these things.”

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