TheMReport — News and strategies for the evolving mortgage marketplace.
Issue link: http://digital.themreport.com/i/188853
Final Thoughts "Consumers "There will be some of them deserve better, that will be out of the game." and we intend to help them achieve that." James Zeumer, head of investor relations for PulteGroup, Inc., on what the half-percentage-point rise in interest rates means for first-time buyers. Final Thoughts Even though the summer cool-down is in full effect, chatter about the industry is still heating up. "They don't even appear to be able to agree on it themselves, internally." Paul Ashworth, chief United States economist at Capital Economics, on the confusion caused by the Fed's announcement to continue with the bond-buying stimulus program. "Rates will be slightly higher next year but not enough to derail the housing market recovery." Trulia chief economist Jed Kolko's forecast on interest rate activity in 2014. "There are two ways to enslave a nation. One is by the sword. The other is by debt." America's second President John Adams 64 | The M Report Richard Cordray, director of the CFPB, on the $389 million fine levied to JPMorgan Chase for deceptive credit card practices. "I know that must sound confusing to the folks who call me a raging socialist every day." President Obama on his plans to reduce the role of government in the mortgage market. "That hurried people into making a decision. It was the last hurrah for the next 12 to 18 months." Lawrence Yun, chief economist for the National Association of Realtors, on the June interest rate spike on homebuying decisions in an interview with NBC News.