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Multibillion dollar mortgage settlement deal has reportedly reached an impassion. The New York Times says the talks stalled after bank of americas latest offer of more than 12 billion fell short of what prosecutors were demanding. Apparently it fell far short, too. 12 billion isnt enough, i dont know what it would take to settle this. Take a look at that stock, down by 8 cents. In housing news, mortgage politics rising by more than 10 on the latest week. There was an increase in purchase and refinancing applications. Joe . Joining us now to talk more about House Majority leader eric cantors surprising primary defeat is cnbcs chief washington correspondent john harwood. There you are my pren. I could approach this from about ten different angles. Everybody in washington is. The establishment gop seemed to reasserting itself in a lot of different places. Obviously it couldnt do so in this part of virginia. A lot of people were talking about immigration, and that might have been his fatal

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