MReport January 2020

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64 | TH E M R EP O RT Going in the Right Direction Government agencies are looking into 2020 and their perspective seems bright, as the housing market enters a new decade. "optimistic about the future" The Hon. Brian D. Montgomery, Assistant Secretary for Housing—Federal Housing Commissioner, discussing the state of FHA during a Financial Services Committee meeting. "harnessing the resources" CFPB Director Kathleen L. Kraninger when looking back at the past year on how the CFPB has improved protection for consumers. "unprecedented investment" HUD Secretary Benjamin Carson on the $277 million in funds sent to Puerto Rico, as the island continues to recover from earlier hurricanes. "Confidence and stability" The National Association of Realtors President Vince Malta comments on the new spending package approved by the Federal Government and its impact on the housing market. "some fine tuning" A report by the Urban Institute mostly praised Democratic candidates' plans to address housing supply, but suggested some changes would be needed to avoid problems during economic downturns. FINAL THOUGHTS

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