October 2016 - Changing of the Guard

TheMReport — News and strategies for the evolving mortgage marketplace.

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64 | TH E M R EP O RT "The hot new millennial housing trend is a repeat of the middle ages." ILANA E. STRAUSS commenting in The Atlantic on the trend of millennials moving away from living in single-family households and instead embracing communal living. "Renting ain't a cakewalk in the liberal swath of the nation . . . " blog "Red vs. Blue States," which examined housing differences across political lines. Among its findings, notes that rental prices on average are higher in blue states. "When grown-ups don't step up, government steps in." PAT DALRYMPLE, in an op-ed for the PostIndependent/Citizen Telegram, on the CFPB's new mortgage servicing rules. "We have a very false economy." Republican Presidential Candidate DONALD TRUMP, suggesting that the Federal Reserve's decision to keep interest rates low was politically motivated. "I do want to make very clear that there was no orchestrated effort." Wells Fargo Chairman and CEO JOHN STUMPF, before the Senate Banking Committee, answering questions about his bank's employees opening 2 million unauthorized credit card accounts. Final Thoughts From the election to the economy, these hot button topics were at the forefront of discussions in the financial industry in the last month, and those with a stake in the industry had some strong opinions to share.

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