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MReport_December2017

TheMReport — News and strategies for the evolving mortgage marketplace.

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64 | TH E M R EP O RT FINAL THOUGHTS An Eye Toward The Future We weren't the only ones looking toward 2018 this month. Many high-profile figures both within the industry and out commented on what they foresee in the year ahead, in addition to other notable remarks made throughout the month. "factors do not allow us to be both competitive and profitable" SANJIV YAJNIK, President of Financial Services at Capital One, regarding the company's November decision to stop originating mortgage and home equity loans due to the challenging rate environment and marketplace. "no Trump bump" According to a recent CNBC report by DIANA OLICK, the housing market hasn't seen an increase in 2017 due to President Trump's first term the way the labor and stock markets have. "a game of musical chairs" Zillow Chief Economist DR. SVENJA GUDELL likened the housing markets to a game of musical chairs due to the low inventory across the nation. "too much of a good thing" In a recent economic outlook, Goldman Sachs said that overheating will become more of an urgent priority in 2018. "I guess I should take that as a compliment that I look like a villain in a great, successful James Bond movie." Treasury STEVEN MNUCHIN after being likened to a Bond villain in photos taken of him and his wife, Louise Linton, holding the first sheet of dollar bills with his signature.

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