MReport April 2018

TheMReport — News and strategies for the evolving mortgage marketplace.

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64 | TH E M R EP O RT FINAL THOUGHTS Weighing in on the Future of Housing This month, the state of the housing market was on many minds as political figures, economists, and housing advocates voiced strong opinions on the direction the industry is headed. "no future for them here" BEN HANLON, Executive Director of California Yimby, a housing construction lobbying group, on residents' uncertainty in light of the state's affordable housing problem. "patently false" HUD Secretary DR. BEN CARSON on rumors that proposed changes to the HUD mission statement represent a rolling back of the agency's commitment to fair housing practices. "humming" The New York Times' NEIL IRWIN on the state of the economy after February's Labor Department report. "not in anybody's interest to have a trade war" Boston Federal Reserve President ERIC ROSENGREN, sharing his opinion that proposed steel aluminum and steel tariffs are "not going to have a big impact" on the economy. "this is almost like a double whammy for the borrower" PETE BOOMER, Head of Mortgage Production at PNC Financial Services Group, Inc. on the combination of rising home prices and mortgage rates.

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