January 2016 - Out of the Woods

TheMReport — News and strategies for the evolving mortgage marketplace.

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64 | TH E M R EP O RT FINAL THOUGHTS Final Thoughts If these quotes are any indication, the mortgage industry will continue to be a source of national chatter in the year to come. "Economic collapse for fun and profit." New York Times review on The Big Short, a Hollywood blockbuster covering the 2008 financial crisis. "The short answer is they can't afford it." Redfin chief economist NELA RICHARDSON's blunt explanation for millennials not becoming homeowners in an interview with the Wall Street Journal.. "[They] do not bite in predictable ways." New York Times writer NELSON D. SCHWARTZ commenting on the unknown effects of the Fed's first rate hike since 2006. "So it seems that these anxieties were much like the errant predictions of technological disaster stemming from Y2K, which of course never materialized." CFPB Director RICHARD CORDRAY on the implementation of TRID. "These neighborhoods are lending deserts." JOHN TAYLOR, CEO National Community Reinvestment Coalition, noting lending racial disparities prevalent in Baltimore and surrounding areas.

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