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MortgagePoint ยป Your Trusted Source for Mortgage Banking and Servicing News 36 July 2024 C O V E R S T O R Y FROM THE WHITE HOUSE TO MAIN STREET As the November elections near, what ripple effects will the next administration have on the housing industry? MortgagePoint gathered a panel of experts to dig deeper into the impact of the Presidential Elections and potential changes in the White House. B y E R I C C . P E C K P olitical cartoonist and "Father of the American Cartoon" Thomas Nast, while not necessarily a household name, is renowned for illustrating a number of famous and iconic drawings. From modern images of Santa Claus and Uncle Sam, Nast also popularized the donkey to represent the Democratic party and the elephant for the Republican party. As we near November and Election Day, that animal representing a political party may not be the only elephant in the room as the ongoing issues surrounding the housing market linger near the top of many Americans' minds. All candidates, no matter what party they lead, will be tasked with providing solutions to address the record-high median prices and mort- gage rates that continue to shut out many from achieving the American Dream. To get a preview of what Novem- ber may hold for the housing industry, MortgagePoint reached out to a cross-sec- tion of industry experts to get their insights on how the housing market and mortgage industry may be affected by this year's election, and how companies should be preparing. Pete Carroll serves as SVP, Public Policy and Industry Relations for CoreLogic, where he oversees industry and public-sector engagement programs, drives enterprise strategic initiatives, and expands opportunities for the company's thought leadership, insights, brand awareness, and solutions expertise within Washington, D.C., across federal housing agencies and other stakeholders. Jacob Channel, Senior Economist for Lending- Tree, conducts studies on a wide variety of subjects related to the nation's housing market, and provides general macroeconomic analysis. Channel joined LendingTree in 2018 as an intern before moving into his current position. His work has been featured in major publications including the New York Times, Bloomberg, Forbes, and CNBC, and he has appeared as a guest on Cheddar TV and Yahoo! Finance. Larry Goldstone, President, Capital Markets and Lending, BSI Financial Services, is responsible for the structuring and growth of BSI's excess spread mortgage servicing rights (MSRs) initiatives. He works with institutional investors and other capital partners that are looking to invest in MSRs. Goldstone helps with structuring transactions acceptable to the agencies, acquiring MSRs in bulk and flow channels, providing leverage financing options, and setting up advanced financing facilities. He is also responsible for BSI's MortgagePoint Managing Digital Editor E R I C C . P E C K has 25-plus years' experience covering the mortgage industry. He graduated from the New York Institute of Technology, where he received his B.A. in communication arts/media. After graduating, he began his professional career in New York City with Videography Magazine before landing in the mortgage finance space. Peck has edited three published books, and has served as Copy Editor for Entrepreneur.com.