MReport September 2015 - Cool Under Pressure

TheMReport — News and strategies for the evolving mortgage marketplace.

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64 | Th e M Rep o RT Final ThoughTs Final Thoughts Quips, barbs, and industry commentary all get equal attention in this month's Final Thoughts. With the presidential election just beginning to heat up, we expect more political wrangling in the months to come. "Don't let the name fool you." Sen. Ted Cruz (R-Texas) said that the Consumer Financial Protection Bureau "does little to protect consumers" and has sponsored a bill that would abolish the Bureau. "How is she gonna lecture me about student loans? I owed over $100,000 just four years ago." A comment made by Sen. MarCo rubio (R-Florida) about Hillary Clinton during the Republican presidential debate. "Dreaming about building a skyscraper and actually getting it built are two very different scenarios." donald TruMp'S Washington Post quote on how his success has roots in his father's legacy. "The one-two punch could prove a political liability for Mrs. Clinton's presidential bid…" Washington Times writer Kelly riddell stating that Hillary Clinton's presidential run could be hurt by: 1) Changes Bill Clinton pushed through during his presidency that allowed Fannie and Freddie to grant more mortgages to lower-income Americans and 2) Her own blocking of Republican reforms designed to prevent a mortgage collapse. "Now it's starting to get scary for everyone." August 24th New York Times Economic Trends piece on the news the stock market experienced the worst point drop since October 2008.

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