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MReport August 2017

TheMReport — News and strategies for the evolving mortgage marketplace.

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64 | TH E M R EP O RT FINAL THOUGHTS Getting the Last Word In The following figures just couldn't keep their opinions to themselves this month, opining on everything from the state of the economy to the political landscape to the future of housing, and more. "He believes that if you are poor, it is your own fault." Rep. MAXINE WATERS (D-California) on HUD Secretary Ben Carson. "from hopeful to pessimistic" The Urban Institute's Laurie Goodman on the transition of black homeownership in the last 15 years. "We introduced the term this week … 'MAGAnomics'" MICK MULVANEY, Director of the White House's Office of Management and Budget, introduced this term that's a play on Reaganomics and the Trump campaign slogan "Make America Great Again (MAGA)". "It's almost an embarrassment being an American . . ." JPMorgan's CEO Jamie Dimon on a call discussing the bank's Q2 earnings. "Investors … got burned." CNBC reporter Jeff Cox noted how investors poured money into banks after stocks plummeted after the Q2 earning's announcements, despite major banks like JPMorgan Chase, Wells Fargo, Citigroup, and Bank of America doing better than expected.

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