REwired RSS FeedRSS

new REwired blog header
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.

Game changer: California investigating Wells Fargo for identity theft

Could lead to charges against former employees who opened fake accounts
A group of senators is already asking the Department of Justice to use a new policy to target individuals at Wells Fargo for corporate misconduct (and maybe even more) in the wake of the fake account scandal surrounding the bank. But the state of California is making a move that could lead to a whole new world of hurt for Wells Fargo, its current and former executives, and the 5,000 former employees who opened the fake accounts.
Read More

When it comes to Millennial homebuyers, time really is money

And words are your bond
To some degree, the Millennial homebuyer market, especially the first-time homebuyer, must seem like the Holy Grail or a unicorn herd to mortgage lenders. It’s a large segment with an estimated purchasing power of about $200 billion. So what does this mean for those seeking to sell mortgage loans to Millennials?
Read More

Former HUD Secretary: Affordable housing is too unsafe for the elderly

Exclusive interview series with affordable housing expert, part 2
In part 1 of our four-part interview series, Rick Lazio discussed the need for the candidates for president to begin discussing housing policy. Now, in part 2, former HUD Secretary Henry Cisneros argues that America is simply not doing enough to increase safe access to affordable housing. Here are his solutions.
Read More

Monday Morning Cup of Coffee: What's the real impact of landmark CFPB-PHH ruling?

And will housing come up at the last presidential debate?
The mortgage business is still reeling in the wake of the landmark ruling from the United States Court of Appeals for the District of Columbia Circuit, which last week declared the Consumer Financial Protection Bureau's leadership structure unconstitutional and vacated a $103 million fine against PHH. So what's the real impact of the decision? Plus, will they actually discuss housing during the final presidential debate this week?
Read More

How about some good news? Movement Mortgage helps found new charter school

Former NFL player turned lender invests in Charlotte youth
There’s an old saying in this business: If it bleeds, it leads. And sadly, in many cases, that’s true. Far too often, good things are happening quietly while bad things happen loudly. Well, one of those good things is happening in the mortgage business right now and it deserves just as much attention as some of the other messy stuff we report about all the time. Here's the story of Movement Mortgage and the Movement School.
Read More

Rick Lazio: Presidential candidates would do right to mention housing policy

Exclusive interview series with affordable housing expert, Part 1
The is the first of four interviews HousingWire will conduct in the next month and a half. Please read and support our unified cause of increasing the rate of responsible homeownership in this great nation. Feel free to repost and share — anything to keep our message alive.
Read More

Why now is the perfect time to invest in real estate

Housing is on an upswing
If you're on the fence about getting into real estate investing, now may be the best time to take that first dive into the business. While the real estate market is constantly moving up and down, in recent years, it appears to be on an upswing. Here are three reasons to help you get off the fence and make a decision.
Read More

Think Wells Fargo scandal is bad? RBS did something so much worse

The "dash for cash" sets a new low
Turns out, in terms of bank scandals, the Wells Fargo indiscretions are fairly tame compared to what’s happening across the pond right now at the Royal Bank of Scotland. In fact, the alleged behavior at RBS is so shocking, you may find it hard to believe. This, friends of HousingWire, is a new low.
Read More