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Opinion, commentary and analysis on everything that makes the U.S. housing economy tick -- not to mention the ghosts in the machine, too. Written by HW's team of editors and reporters each business day.

Evictions in America: A tale of two cities

The approach of NYC versus San Francisco is enlightening
The contrast between how New York City and San Francisco have approached the affordable housing crisis is striking. Both cities are large metropolitan areas with little geographical room to build. But in once case city action led to an 18% decrease in evictions, in another it led to an increase of 32%. 
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CoreLogic economist: Here's a current snapshot of the mortgage credit market

Macro highlights at ABS East
Where are we in the credit cycle? How will credit markets react to the upcoming election? Has the pendulum swung too far when it comes to mortgage underwriting? These were some of the questions raised and answered at ABS East. Frank Nothaft, chief economist with CoreLogic, shares his insights on the state of the mortgage market as witnessed at ABS East.
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CFPB to credit unions: New mortgage regulations level the lending playing field

TRID is good news
After the financial crisis, the government unleashed a wave of new regulation; a move that left credit unions constantly fighting to make sure they don’t drown in the aftermath. The latest speech from CFPB Director Richard Cordray comes off as persuasive, trying to get credit unions to see all the good the rules do for them, but that's not the vibe credit unions received. Is TRID a win for credit unions?
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Monday Morning Cup of Coffee: Airbnb’s new partnership aids natural disaster victims

And new apps changing the industry
In this week’s cup of coffee, we take a look into one of Airbnb’s new ventures: a partnership that could aid natural disaster victims in Colorado by offering free housing for those in need. Also, weigh in on your thoughts about what Realtors should be required to disclose about a home, and the disastrous consequences to homeowners if they don’t.
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Mastered the CFPB's 900-page mortgage-servicing rule yet?

You’ll be tested on it in a year
Servicers have roughly a year to study and master the Consumer Financial Protection Bureau’s mortgage servicing rule. Luckily, HousingWire is bringing together two industry experts for an exclusive Q&A webinar to make sure you have all the information. Don’t miss out.
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Should you buy property for your college student to use while in college?

College is expensive, here's one way you could possibly save
You’re already helping pay for your kid’s expensive college education, so the idea of also buying a house on top of that might sound crazy. But according to one real estate agent, buying a property for your kid to use in college could have some real financial benefits and possibly turn into a profit. But only if it’s right for you.
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4 tips on capturing real estate clients through Pokémon Go

Gotta catch em all
This summer you may have noticed more young people than usual walking down the street staring intensely at their cell phones (sometimes to the point of physical injury!). While it may appear laughable to some, mortgage and real estate professionals can incorporate the game into their marketing strategy. Don’t believe me? Here’s how others are doing it.
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Is Wells Fargo scandal just the beginning of big-bank bad-behavior probe?

CFPB director: "We will be looking for these types of problems"
A quick search through the CFPB's public consumer complaint database produces some alarming results that raise the question: "Is Wells Fargo’s cross-selling scandal over and is it really limited to only one bank?” The following complaint examples do exactly what the database is designed to do, "humanize the problems." With millions of customers already impacted from Wells Fargo’s scandal, you can bet potential and current borrowers are now more weary about trusting banks.
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Is SoFi about to loosen its lending standards?

Typically targets "high earners not rich yet" for its member exclusive club
For years, SoFi, the online mortgage lender, marketed to an elite group of borrowers usually deemed as “great” in its ad campaigns. But this could all start to change as the online lender is possibly rethinking its strategy in order to grow in the current tight lending environment. Could this be good news for Millennials?
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