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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.

Fannie Mae EXCLUSIVE: The crisis in affordable rental housing, Part 1

How we got here
Multifamily construction didn’t really rebound after the crash until 2013. Even still, it's playing “catch up.” In addition, construction of subsidized housing has declined as a percentage of all new multifamily construction and now represents only around a fifth of new construction annually – not enough to keep pace with demand. This is the first of a two-part EXCLUSIVE from Fannie Mae to readers of HousingWire.
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Monday Morning Cup of Coffee: HUD budget shows cuts still run deep

Proposed budget puts increased responsibility on state and local governments
The draft of HUD’s proposed 2018 budget calls for “increased responsibility on state and local governments and calls for the private sector to do more to meet community needs.” The proposed budget also eliminates the Housing Trust Fund, a program financed by Fannie Mae and Freddie Mac profits. Also, where is the next emerging market for mortgage lending? Here's where, according to the CEO of Caliber Home Loans.
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Mortgage data isn't secure: Here's why and how to fix it

The risk of a major attack is growing
The mortgage market suffers from a security dichotomy — haves vs. have-nots. The biggest players boast well-advanced security and large, dedicated security teams, while the smaller companies struggle. This means that the risk of a major attack is growing.
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Here are 3 ways to help consumers make better home-buying decisions

Consumers spend more time selecting a TV than their lender
Consumers spend more time selecting a TV than choosing their lender or real estate agent. So what we can do differently in the lending process and with our real estate partners to fix this? Here are three tips to ensure we arm the consumer with what they need to make a better decision during the home-buying process.
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Monday Morning Cup of Coffee: CFPB deepens probe into Zillow for RESPA compliance

Here's one main driver behind Dallas’ hot market
Things are heating up in the government and the housing market. The Consumer Financial Protection Bureau is deepening its investigation into Zillow’s compliance with the Real Estate Settlement Procedures Act, just as the of the government is simultaneously looking into the constitutionality of the bureau itself. As far as housing, what’s causing homes to fly off the market in Dallas?
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Here's why getting started with digital mortgages is less complicated than it seems

The true process behind adopting digital mortgages
There’s been a huge amount of discussion about how consumer lending is quickly going digital. The appetite we’re seeing in the market for digital solutions has grown significantly in the past couple of years and will only continue to increase. However, there is also a lot of talk about the obstacles surrounding the adoption digital mortgages. But the truth is that it doesn’t have to be so complicated.
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Who can attract the young workforce in mortgage finance?

Here's how the Rising Stars recruit young talent
How many of you knew you wanted to go into the housing industry? Looking at the current state of the market, we so desperately need more young entrants into the field. It’s time to fix this. HousingWire’s Rising Stars are the perfect example of young industry professionals who are moving the market forward. And they’re here to share their thoughts on how to help others get there too.
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Despite relief, independent mortgage bankers say Financial CHOICE Act still needs work

"One additional provision is needed"
The Financial CHOICE Act that recently passed the House Financial Services Committee provides regulatory relief for independent mortgage bankers. But one additional provision is needed to ensure that small IMBs are treated the same as banks are under the bill. Why can’t independent mortgage bankers have the same exemptions as other banks?
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Monday Morning Cup of Coffee: Impact of GOP healthcare bill on finance market

Lawsuits continue to pile up at Wells Fargo
Billionaire Warren Buffet explained what GOP’s healthcare bill could mean for business owners, saying it could have an even greater impact on the economy than Trump’s proposed corporate tax cut. Also, D.C. is forfeiting millions of dollars for affordable housing because it can’t meet its deadlines, so there’s that. And speaking of losing millions of dollars, here’s the latest in the Wells Fargo fake accounts scandal.
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2017 poised to be landmark year for e-notarization adoption

And the momentum is only growing
The prevalence of digital technology, the trend to reduce paperwork, the goal to save time and money and the need to increase security have converged in the growth in e-notarizations. For proof, look no further than all the national organizations that are increasingly endorsing e-notarizations and remote notarizations. And this is only the beginning.
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