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You Deal With It

TheMReport — News and strategies for the evolving mortgage marketplace.

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Final Thoughts "There's no reason to think there will be a takeoff." A warning from Guy Berger, United States economist at RBS Securities, despite the positive economic gains made in the third quarter. Final Thoughts Like the weather, the industry is cooling down, but some issues still have tempers and tongues running hot. "We endured the worst financial crisis and deepest recession since the Great Depression. The effects were severe, but they could have been far worse." Fed chair Nominee Janet Yellen at her confirmation hearing. "It was intended to be more a realistic expectation-setting, rather than a downer." Radian Group CEO S.A. Ibrahim on a call with reporters and investors about his outlook on the company's performance. 64 | The M Report "Enough talk–it is time for action." Service Employees International Union (SEIU) EVP Rocio Saenz on the turmoil in Washington, D.C. regarding the immigration debate. "You always hope your friends will tell you when you have food in your teeth." CFPB director Richard Cordray on the scrutiny his agency receives from members of Congress. "You've got this big jump in inventories, and that's clearly in excess of what the flow of spending is." John Silvia, chief economist at Wells Fargo Securities, with his take on the housing inventory expansion in the third quarter. He projects a 1.9 percent gain in final sales.

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