TheMReport — News and strategies for the evolving mortgage marketplace.
Issue link: http://digital.themreport.com/i/239959
Final Thoughts "Consumers "It is clear that we cannot are trying to maintain the status quo." find a house to buy and they can't." Lisa Rice, VP of the National Fair Housing Alliance, in a report that claims the recovery is stunted by broken housing policies. Final Thoughts A fresh start to the year doesn't mean that industry insiders aren't still humming about events that happened in 2013. Here's whats abuzz around the market. "He is unlikely to lower loan limits, increase g-fees [guarantee fees], or implement new limits on multifamily lending." Analysts' expectation of Rep. Mel Watt's (D-North Carolina) performance as director of the Federal Housing Finance Agency (FHFA). The Senate enacted the nuclear option, clearing a path for President Obama's nomination. "Conventional home lending for people of color has collapsed since the onset of the housing crisis. The result is a near credit shutdown, making it more than difficult for African-American and Latino borrowers to obtain mortgage financing." Donnell Spivey, president of NAREB, on the lack of available credit for minority homebuyers. 64 | The M Report Ivy Zelman, chief executive of research firm Zelman &Associates, on the impact the recovery is having on consumers. "Our hypothesis is that nonjudicial states have been able to work through the foreclosure [glut] faster, allowing them to get back into a nondistressed housing market sooner, and are therefore seeing greater appreciation." Tom O'Grady, CEO of Pro Teck, in recent remarks on abating foreclosures nationwide. "Homebuyers are trying to digest that." Scott Anderson, chief economist at the Bank of West, on rising interest rates and rising prices.