TheMReport — News and strategies for the evolving mortgage marketplace.
Issue link: http://digital.themreport.com/i/539233
64 | Th e M Rep o RT Final ThoughTs Final Thoughts This month's collection of quotes proves there is never a dull moment in the mortgage industry—whether the talk was policy, trends, or notable figures. "[I don't] see any potholes to derail the American economy." According to the Chicago Tribune, JPMorgan Chase CEO JaMie DiMon made this positive assertion regarding the U.S. economy in a speech to the Executives Club of Chicago. "Their approach is roughly equivalent to shutting down the fire department to encourage fire safety . . ." Former Federal Reserve Chairman Ben Bernanke voicing his displeasure with the provisions of a bi-partisan bill introduced in the Senate that would limit the Fed's lending authority and end "too big to fail." "Homebuyers may experience bouts of affordability shock . . ." Len kiefer, Freddie Mac deputy chief economist commenting on how mortgage rate swings may affect housing markets and potential homebuyers. "[He] stands out for his youth, for his meteoric political rise—and for the persistent doubts about his financial management." New York Times report regarding the news that Sen. Mark ruBio sold his Tallahassee, Florida home for $18,000 less than he paid for it. The house in question is his second home and had previously faced foreclosure after payments were missed for five months. "People are asking if we're in a new home price bubble." DaviD M. BLitzer, managing director and chairman of the Index Committee for S&P Dow Jones Indices, commenting on the fact that home prices have enjoyed year-over-year gains for 35 consecutive months.