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$WFC, US's biggest mortgage lender, said it ended 4Q15 with a $29Bil application pipeline, which was down 15% from 3Q15, but up 12% from a year ago. The company also stated that stronger multifamily mortgage activity in 4Q15 led to higher mortgage origination revenue.
What will be an ideal EPS range for $PZZA in its earnings today?
The U.S. Treasury will be receiving $10 billion as dividends from the combined government-backed mortgage giants Fannie Mae and Freddie Mac. This is a sign that a recovered housing market is allowing the once-ailing firms to subsidize federal government spending.