MReport May 2019

TheMReport — News and strategies for the evolving mortgage marketplace.

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64 | TH E M R EP O RT FINAL THOUGHTS Changes and Course Corrections From leadership changes within major banks and government organizations, to discussions over the ideal shape of a sustainable housing market going forward, here's what the industry has been talking about. "no discernible reason" American Enterprise Institute fellows Peter J. Wallison and Edward J. Pinto, questioning why the American housing market has been controlled by the government "to a far greater extent than in any other developed country." "they shouldn't come from Wall Street" Berkshire Hathaway CEO Warren Buffett on where Wells Fargo should find its replacement for outgoing CEO Tim Sloan. "a force for fairness" HUD Secretary Dr. Benjamin Carson, discussing HUD's mission in a Washington Post op-ed. "onerous and unnecessary" JPMorgan Chase CEO Jamie Dimon calling for reforms of mortgage servicing regulations in his annual letter to shareholders. "customer focused, innovative, and commied" New Fannie Mae CEO Hugh R. Frater, discussing his vision for the GSE going forward.

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