MReport July 2019

TheMReport — News and strategies for the evolving mortgage marketplace.

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Page 65 of 67

64 | TH E M R EP O RT FINAL THOUGHTS A Sea of Troubles From the ongoing difficulties facing the National Flood Insurance Program, to affordability challenges confronting millennials, here's what the newsmakers have been talking about. "a recipe for bidding wars" Redfin Chief Economist Daryl Fairweather on how the release of new IPOs in San Francisco have given the Bay Area housing market a much-needed boost. "We're looking at this." Michael Drayne, SVP of the Office of the President of Ginnie Mae, on Ginnie Mae and HUD's efforts to move away from the current LIBOR standard. "I will not rest until something is done" Rep. Maxine Waters, Chairwoman of the House Financial Services Committee, on the reform and possible extension of the National Flood Insurance Program. "need to be prepared to adjust our views" John Williams, President, Federal Reserve Bank of New York, speaking about the Fed changing its outlook on interest rates as necessary to keep the economy on track. "facing a double-whammy" Matt Regan, a housing and public policy expert for the Bay Area Council, addressing the issues facing millennials in the California housing market.

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