MReport August 2018

TheMReport — News and strategies for the evolving mortgage marketplace.

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64 | TH E M R EP O RT FINAL THOUGHTS Shifting Trends in the Market and Government From assessments of market affordability to potential restructurings within government organizations such as the Bureau of Consumer Financial Protection (BCFP), here is a sampling of commentary that has made the headlines this month. "a missed opportunity" Sam Khater, Chief Economist at Freddie Mac, on young homebuyers priced out of the market. "in good hands" BCFP Acting Director Mick Mulvaney commenting on the White House's nomination of Kathy Kraninger to be his successor. "difficult to find" Mark Palim, VP and Deputy Chief Economist of Fannie Mae, on how 45 percent of surveyed homeowners feel about affordable housing in their area. "the epicenter of the affordability crisis" Ken Cole, San Mateo County Director of Housing, on the area's shortage of housing for low- and middle-income buyers. "most-powerful and least-accountable Washington bureaucracy" House Financial Services Committee Chairman Jeb Hensarling reacting to an appeals court opinion finding that the BCFP's structure is unconstitutional.

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