TheMReport

MReport_March_2015

TheMReport — News and strategies for the evolving mortgage marketplace.

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64 | Th e M Rep o RT Final ThoughTs Final Thoughts Candid, provocative, and sometimes disconcertingly spot- on, the following statements made by some of the nation's greatest minds will be discussed for months to come. "You're relatively new on the job" House Committee on Financial Services Chairman Rep. Jeb HensaRling's (R-Texas) skeptical response to HUD Secretary Julian Castrol's first testimony before the Congress. "It's got to be positive for housing, because all your consumer numbers are going in the same direction." JoHn silvia, managing director and chief economist with Wells Fargo, delivering his market predictions in a survey conducted among economists by the Federal Reserve Bank of Philadelphia. "It is not for lack of trying." U.S. Attorney General eRic HoldeR announcing that he has given U.S. attorneys across the country 90 days to bring cases against specific individuals for their alleged roles in 2008's mortgage crisis. "The audience for the most part is awake, because they're bobbing up and down, and we sit there, stone-faced, sober judges. But we're not, at least I wasn't, 100 percent sober." A confession made in February by Supreme Court Justice RuTH badeR ginsbuRg about her attendance at the State of the Union address. "You would think that people would be lining up now to get mortgages to buy a home." WaRRen buffeT expressing his surprise at the sluggish rebound in U.S. home construction at a conference hosted by Fortune magazine.

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