TheMReport

August 2016 - Turning Knowledge Into Power

TheMReport — News and strategies for the evolving mortgage marketplace.

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64 | TH E M R EP O RT "What can't go on forever does not." Bankrate Senior Economic Analyst MARK HAMRICK commenting on the continuous 5 percent rise in home prices we are currently experiencing. "Where have all the houses gone?" Forbes writer SAMANTHA SHARF in a story on the trending scarcity of residential stock. "It is a big ogre, it's tough to move." Trulia Chief Economist RALPH MCLAUGHLIN on why he thinks the overall housing market won't feel major impact when the new president assumes his or her post in the Oval Office. "It's an Achilles' heel for us to some degree." Ginnie Mae President TED TOZER on the agency's desire for Congress to grant it more oversight over nonbank mortgage firms to help ensure they don't fail and create hardship for millions of borrowers. "Wow, this one takes my breath away." DIANE SWONK, an independent economist in Chicago, on a recent Labor Department report, which reported a surge in payroll numbers. "Not great. Not awful. Fine." New York Times writer NEIL IRWIN on the current state of the job market as reflected by recent Labor Department stats. Final Thoughts With housing starts continuing to trend upward and the release of a favorable jobs report, industry commentators had a lot to remark on this month. Catch a snippet of some of the highlights . . .

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