TheMReport — News and strategies for the evolving mortgage marketplace.
Issue link: http://digital.themreport.com/i/409279
64 | Th e M Rep o RT Final ThoughTs Final Thoughts It's a time of great change in the housing industry. here are the issues that had its thought leaders talking this month. "We're not saying that getting a college education is a bad thing." Rick Palacios, director of research for John Burns Real Estate Consulting explaining the findings of his new study that student debt will prevent 400,000 home purchases in 2014. "So, we have continued to address this issue, and I can report that we have reached an agreement in principle on how to clarify and define the life-of-loan exclusions." FHFA Director Mel Watt addressing lender concerns by announcing efforts on the part of the agency to better define when life of loan exclusions apply. "It is a new position for us having to deal with non- depositories." Ginnie Mae President ted tozeR expressing his concern about the increasing share of non-depository lenders that make up the composition of Ginnie Mae-approved mortgage- backed securities issuers "This rule is one more reason why Washington bureaucrats shouldn't be picking winners and losers in the housing finance market." Congressman Jeb HensaRling (R-TX) bemoaning the finalization of the Risk Retention Rule adopted by federal regulators. "I have no fear that there will be another bubble." Real Estate Economist ken JoHnson predicting a steady housing market for the near term.