Here's where expert economists think housing is going

Washington is protecting buyers right out of homeownership

BPC Housing Commissioner: Give borrowers a chance to fail

2 reasons the single-family rental securitization market won’t exceed $20 billion

$1 trillion market? Not even close.
W S

Lending

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Operational process improvements should be a focus right now
Matt Corcoran

It's apparent that you’ll need clear processes and guidelines in place for your workforce to maintain high levels of service while working within strict tolerances that could result in game-changing fines for your business.


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FHFA reps and warrants policies have “significant and unresolved” risks

Watchdog: FHFA’s implementation was rushed and flawed
Ben Lane
In a new report from the FHFA’s Office of the Inspector General, the OIG said that the FHFA mandated a new representation and warranty framework for the GSEs and implemented it “despite significant unresolved operational risks to the Enterprises.” Among those is processes that may not be in place at Fannie Mae until late 2015, for example.
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Millennials start to move out of their parents' houses

… but still not buying
Brena Swanson
Although millennials are moving out from their parents’ homes, they are still not buying their own houses. Instead, they are choosing to rent.
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Virginia targets banks with $1.15B toxic mortgage lawsuit

Virginia Retirement System lost $383 million
Brena Swanson
In the largest financial fraud action ever brought by the Commonwealth of Virginia, Attorney General Mark Herring announced a $1.15 billion lawsuit against some of the largest commercial banks for fraud committed against Virginia taxpayers during the height of the financial crisis.
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Here's where expert economists think housing is going

Where will we be in 2019?
Jacob Gaffney
During the luncheon panel moderated by Paul Jackson, CEO of HousingWire, four economists gave projections for housing over the next five years.
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Even credit-worthy borrowers struggle to get a mortgage

Regulations, credit and affordability challenges persist
Trey Garrison
The national homeownership rate continues to decline, and many say that it’s only going to get worse because of tighter lending standards, burdensome regulations that create lender uncertainty and affordability challenges.
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Washington is protecting buyers right out of homeownership

BPC Housing Commissioner: Give borrowers a chance to fail
Trey Garrison
Government is protecting first-time, lower- and middle-income borrowers out of homeownership, and buyers need to be given a chance to fail. Or succeed.
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Churchill Mortgage promotes Doug Walker

Becomes VP of national sales support and business development
Brena Swanson
Churchill Mortgage promoted Doug Walker to vice president of national sales support and business development as the Brentwood, Tennessee-based lender continues to report solid growth.
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S&P/Experian: Mortgage default rates increasing

After falling for almost a year
Brena Swanson
Consumer default rates rose in August, reversing a long downward trend. However, according to David Blitzer, with the S&P Dow Jones Indices, "No return to the extreme default experience of a few years ago is imminent."
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Credit unions to Senate Banking: Enough is enough

Credit unions are being overregulated with burdensome rules
Trey Garrison
XCEL Federal Credit Union President and CEO Linda McFadden will tell the Senate Banking Committee on Tuesday that “enough is enough” when it comes to the overregulation of credit unions, sources in Washington tell HousingWire.
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