December 2016 - Getting Serious About Diversity

TheMReport — News and strategies for the evolving mortgage marketplace.

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64 | TH E M R EP O RT "[A]ffordable housing doesn't stay affordable forever." CLAIRE ZIPPEL, a writer for the Greater Greater Washington newspaper, discussed how "expiration dates" for affordable housing, especially in popular markets like Washington, D.C., work. "…one of the worst things that can happen…" Forbes writer LEE MATTHEWS commenting on a HUD website data breach that exposed the names and partial social security numbers of public housing residents. "Blame interest rates." New York Post writer JOHN CRUDELE cautioning potential borrowers that mortgage rates are likely to go up under a Trump administration, due to his promised tax cuts which will cause the U.S. government to borrow at higher rates. "It used to be a stigma to have debt." Urban Institute economist BARBARA BUTRICIA, in an interview with the New York Times, on how mortgage debt is growing for retirees. "I want to be respectful of the office . . ." During his last trip abroad to Peru, PRESIDENT OBAMA said he would give Donald Trump room to govern but will be critical if "necessary." Final Thoughts As 2016 comes to an end, the following quotes from industry and government leaders alike show that we will have a lot to tackle in the new year.

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