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64 | Th e M Rep o RT Final ThoughTs Final Thoughts When it came to sharing what was on their minds, these industry and government leaders did not hold back telling it how it is. Whether you agree or not, you have to admire their candidness. "It's not good policy. It doesn't settle the market." Former FDIC Chairman WilliaM isaac's sharp critique of the federal government's 2012 decision to sweep all of the Fannie Mae and Freddie Mac profits into the Treasury. "These investors' pro-foreclosure, anti- modification agenda is driven by their desire to increase their own financial returns . . ." Ocwen's response to a notice issued by a group of RMBS investors including BlackRock Financial Management Inc. regarding Ocwen's alleged non-performance. Ocwen claims the notice is part of a long campaign by the RMBS investors to force more home foreclosures and less loan modifications. "It is not an exaggeration to say that [they] are withering on the vine. House Financial Services Committee Chairman Jeb Hensarling speaking of community banks and credit unions upon the announcement that the House Financial Services Committee approved 11 bipartisan bills that tweak Dodd-Frank. "It is my hope . . . that you will speak more positively of mortgage brokers." NAMB president JoHn councilMan in an open letter to President Obama. "Americans are slowly moving off of their buddies' couches and out of their parents' basements into homes of their own . . . " Zillow Chief Economist Dr. stan HuMpHries commenting in a recent report that as the economy continues to improve, more consumers are living on their own, both as renters and homebuyers.

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