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Walker & Dunlop (WD) announces Q1 loan originations  of $1.73B, up 157% Y/Y, but well...

Walker & Dunlop (WD) announces Q1 loan originations  of $1.73B, up 157% Y/Y, but well below guidance of $1.9B-$2.4B thanks to the sequester limiting HUD from funding loans. The company reiterates 2013 guidance of $10B-$12B. Previously hot shares in the commercial mortgage originator have slumped of late perhaps in anticipation of today's news, perhaps as lockup expiration allowed a good deal of insider selling. (PR)
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