MReport June 2021

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 Ch-Ch-Changes From record-breaking home costs, competition among buyers, and the rush to refinance to new technologies and pending regulations, industry experts advise on navigating today's turbulent mortgage market. "rude awakening" Bankrate Senior Economic Analyst Mark Hamrick on the cost of homeownership. "potentially torrid" RE/MAX Holdings CEO Adam Contos on the spring homebuying season. "compelling reduction" ICE Mortgage Technology President Joe Tyrrell on the amount of time it takes to close a mortgage in 2021. "important clarity" FHFA Director Mark Calabria on the "living will" rule. "increase cash flow" Freddie Mac Chief Economist Sam Khater on refinancing while rates are low.

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