TheMReport — News and strategies for the evolving mortgage marketplace.
Issue link: http://digital.themreport.com/i/551198
64 | Th e M Rep o RT Final ThoughTs Final Thoughts As the summer heats up so do the quotes by some of the nations most significant figures influencing the housing and mortgage industries. "It is very much a 'silent' crisis." Former U.S. Senator Scott Brown and former HUD Secretary Henry Cisneros in a joint Fox News opinion piece urging presidential candidates to address rising rents and diminished access to homeownership affecting Americans. "For roughly a quarter-century now, over 70 percent of National Basketball Association players have been black." JuStice clarence thoMaS making a point in his dissent to SCOTUS's Texas Department of Housing and Community Affairs v. Inclusive Communities Project, Inc., decision. He went on to say, "To presume that these and all other measurable disparities are products of racial discrimination is to ignore the complexities of human existence." "… fly in the face of the legislative intent." Sen. Mark warner (D-Virginia) criticizing the pay raise awarded Fannie Mae CEO Timothy Mayopoulos and Freddie Mac CEO Donald Layton. "We just scramble to get folks who are paying $650 per month rent and can't get a mortgage that would cost $480 per month." Frayser Community Development Corp. Executive SteVe lockwooD told the Wall Street Journal about the ongoing housing problems faced by the lower-income residents of Lithonia, Georgia. "Not too hot, not too cold. But not, alas, just right." New York Times economic writer nelSon D. Schwartz regarding the June jobs report released by the Labor Department.