TheMReport — News and strategies for the evolving mortgage marketplace.
Issue link: http://digital.themreport.com/i/172962
FINAL THOUGHTS "Bleak at best." REP. HAL ROGERS (R-KENTUCKY), the Republican chairman of the House Committee on Appropriations, on the chances for the House to OK the unpopular cuts made to the Transportation, Housing, and Urban Development (THUD) bill. JED KOLKO, Trulia's chief economist, quelling some of the rah-rah the industry has been feeling lately. Final Thoughts All the positive buildup from the first half of the year has many left feeling like the market might have started celebrating at halftime. "As a leader in home lending, we want to ensure we're always in the best position to help Americans achieve the dream of homeownership." "The satisfactory resolution of this matter provides greater clarity and certainty in the marketplace and is in line with our responsibility for preserving and conserving Fannie Mae's and Freddie Mac's assets on behalf of taxpayers." EDWARD DEMARCO, acting director of the FHFA, in regards to the agreement UBS and the FHFA struck to settle their residential mortgage-backed securities fallout. FRANKLIN CODEL, EVP and head of mortgage production at Wells Fargo, in a statement after the company announced it would exit from eight mortgage lending joint ventures, effectively eliminating more than 300 mortgage jobs. "Yellen is clearly the most qualified successor to follow Ben Bernanke. There is no reason to pass her over for lessqualified males . . . . Yellen already has a 'Y' in her name; she doesn't need one in her chromosomes." FORMER FDIC SHEILA BAIR, in a recent column on the Fortune magazine website on the resistance to Janet Yellen assuming current Fed Chair Ben Bernanke's position once he vacates. Larry Summers is the other candidate. 64 | THE M REPORT "Voter opinions about Fannie and Freddie and their future all but collapse when reminded about the massive nature of taxpayer bailouts they received." WES ANDERSON, the partner at On Message who oversaw a survey conducted for the American Action Forum on how Americans' attitudes toward the GSEs have soured.