TheMReport — News and strategies for the evolving mortgage marketplace.
Issue link: http://digital.themreport.com/i/125049
Final Thoughts "We don't verify all the facts alleged in these complaints but we do take steps to confirm a commercial relationship between the consumer and company." The CFPB's response to the increasing number of complaints filed by consumers. The bureau saw complaints grow from 19,000 to 90,000 after its database was implemented. Final Thoughts "Job growth is strengthening, housing is rebounding, and equity markets have reached new highs; if it weren't for tax hikes and spending cuts, the economy would be well on its way to 3 percent to 4 percent growth." TD Chief Economist Craig Alexander on today's positively trending economic indicators Economic indicators and harsh reactions to the FHFA chief had key officials' tongues wagging. "[DeMarco] is standing in the way of progress toward a full economic recovery and hurting families across the country." New York Attorney General Eric T. Schneiderman and Massachusetts Attorney General Martha Coakley in a joint op-ed in Politico decrying Edward DeMarco's role in the industry "While I have agreed with some of Mr. DeMarco's decisions, I am concerned about this lack of accountability, particularly since many of the choices being made will impact the future of the secondary mortgage market." Maxine Waters (D-california) in her remarks to the FHFA on the agency's beleaguered acting director 80 | The M Report "The new popular word … is 'taper,' and it's likely that the Fed begins to slow its purchase activity in Treasuries, MBS, or both—subject to future economic activity, of course—sometime around the middle of the year." Late winter/early spring commentary from Smith Breeden on the housing sector "History shows us not all economic recoveries are created equal and consumer confidence mirrors this fact." Frank Nothaft, Freddie Mac VP and chief economist, on the housing outlook