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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.

Monday Morning Cup of Coffee: Industry trade groups tell Senate how to fix financial regulations

MBA, CUNA weigh in on regulatory reforms
The main front for the Republican Party’s push for regulatory reform is in the House of Representatives, where an effort is underway to replace the Dodd-Frank Wall Street Reform Act with the Financial CHOICE Act. But the House isn’t the only place where regulatory reform is on the table. Here's a look at what some of the mortgage industry's biggest trade groups want the Senate to do about regulatory reform. All that, and more, in your Monday Morning Cup of Coffee.
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Tesla takes next step in solar energy revolution, unveils new solar panels

Already plans production of solar roof
Tesla, which got into the solar energy business last year with the acquisition of SolarCity, is taking the next step in its plan to revolutionize the acquisition, storage, and use of solar energy with the introduction of its own version of solar panels. What does it mean for the solar energy business? And what does it mean for the mortgage business?
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Monday Morning Cup of Coffee: Representative continues attack on CFPB in local op-ed

Plus, who is the man behind reforming Fannie Mae and Freddie Mac?
Rep. Ann Wagner, R-Mo., doubled down in her battle to unseat Consumer Financial Protection Bureau Director Richard Cordray and overhaul the bureau in a guest commentary for her local newspaper. Meanwhile, looking at another controversial part of Washington, Fannie Mae and Freddie Mac meet the man in charge of reforming them. All of this and more gets unpacked in this week's Monday Morning Cup of Coffee.
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What kind of monster would leave THIS behind in a foreclosure?

This is a living thing, people!
At the height of the foreclosure crisis, HousingWire regularly ran ads from a nonprofit called No Paws Left Behind. The charity worked hard to find no-kill shelters for the droves of innocent cats and dogs abandoned when their owners fled the property. While we've lost contact through the years, and the fallout from housing bust began to ameliorate to some extent, it comes with some sadness to learn the act of abandoning pets is still happening.
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Monday Morning Cup of Coffee: Cordray to face Financial Services Committee hearing

HUD celebrates fair housing month
CFPB Director Richard Cordray will face the House Financial Services Committee Wednesday morning as the committee reviews the bureau’s biannual report. This hearing, however, could have a few more curveballs than normal considering the uncertainty surrounding the regulator’s future. Plus, check out one surprising factor pushing home prices higher.
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Don't let talk of deregulation take your focus off quality control

The importance of producing error-free loans
If your town cut back on the number of police officers who patrol your streets, would people suddenly start speeding and ignoring the traffic laws? Probably not, because it wouldn't be the safe thing to do. The same goes for financial regulations. While there’s been a lot of talk in Washington lately about rolling back, if not eliminating, many parts of the Dodd-Frank law, originators still need to keep their eyes squarely on producing quality loans.
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What is the most likely outcome for the CFPB?

HousingWire webinar panelists answer
As the confusion and uncertainty around the Consumer Financial Protection Bureau continues to escalate with each passing day, HousingWire gathered three expert panelists to weigh in on the discussion. The panelists gave their insights on the most likely steps forward for the government and bureau. Will the bureau even be around in 2018?
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Dear lenders, we need more young talent in mortgage finance

How does the industry make mortgages cool?
Lenders and vendors of the tech world filled the expo hall at the Hyatt Regency in downtown Chicago for the Mortgage Bankers Association’s National Technology in Mortgage Banking Conference and Expo. But there was one element that was clearly lacking after scanning the room of attendees: young mortgage professionals. How does the industry fix this?
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Here's what's wrong with the CFPB's practice of regulating through enforcement

Companies are punished just to teach the rest of the industry a lesson
CFPB Director Richard Cordray asserts that protecting consumers in financial matters involves too many bad actors trying to do too many bad things to be outlined in specific laws. As it turns out, it sounds like the CFPB might decide to take enforcement action against one particular company if they need to “send a public message of deterrence” to the whole industry. This is ludicrous.
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