May 2016 - Rise and Fall

TheMReport — News and strategies for the evolving mortgage marketplace.

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64 | TH E M R EP O RT Final Thoughts Affordable housing, the rising costs of lending, and the CFPB were at the forefront of the industry this month, and professionals from all walks of life had plenty to say about each of them. "Amazing, frightening, and tragic" Financial Services Committee Chairman JEB HENSARLING's (R-Texas) take on the fact that CFPB Director Richard Cordray is "neither elected or accountable to the American people," stated during a committee hearing. "toxic asset…" MATT NELSON, managing director of, an organization that works to advance Latino political power, on the possibility of Julián Castro becoming a vice presidential nominee. "Whether the builder is greedy or not…" New York Times reporter JASON DEPARLE commenting on the fact that even modest housing is expensive to build in today's economy. "[W]e wanted to embarrass him here on his platform at Harvard." City Life community organizer and rapper ANTONIO ENNIS on his organization's decision to interrupt FHFA Director Melvin Watt speaking at Harvard Law School. "It is an opportunistic behavior." Fannie Mae Chief Economist DOUG DUNCAN on the nature of refinances and why they are the "hardest part of the mortgage market to forecast."

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