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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.

Tensions escalate at House hearing on constitutionality of the CFPB

This just brings more harm than good
Well, this is awkward. Four witnesses on the constitutionality of the Consumer Financial Protection Bureau sat before a House subcommittee on Tuesday morning, lending their expert knowledge to help sort through the current state of confusion around the bureau. The only problem is that they could barely get a word in edgewise. House Republicans profusely thanked them for coming as House Democrats condemned the hearing entirely.
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What lenders are missing when it comes to mobile technology

Five reasons why lenders need mobile technology
The majority of homebuyers, especially Millennials, do extensive research online and on their mobile devices before making any purchase — especially for something as large as a home. While many lenders are jumping on the trend to incorporate technology into their customer experience, they are often ignoring the reasons why the technology matters. Here are five reasons why mobile technology should be key to every lender’s strategy.
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Monday Morning Cup of Coffee: Trump tapping familiar face to lead DOJ's civil division?

What will become of False Claims Act charges under new leader?
It looks like President Donald Trump is about to install a familiar face as the leader of the Department of Justice’s civil division. If that happens, what happens to the DOJ's recently preferred tactic of using the False Claims Act to extract settlements from lenders for supposedly misrepresenting the quality of loans to the Federal Housing Administration? The answer, and more, in your Monday Morning Cup of Coffee.
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Is the CFPB in dire need of a new direction?

Which could mean a new director
Readers don’t have to go any further than HousingWire’s search function to see the constant dialogue around the uncertain future of the Consumer Financial Protection Bureau. Regulation is king in mortgage finance, and right now the No. 1 industry watchdog is in limbo as the court and government try to overhaul its future. So where does this leave people in mortgage finance? These four CFPB and regulation experts have the answers.
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Why rising Federal Funds rates might be good for the housing market

Here are 3 reasons why
[Expert commentary] Much of the commentary surrounding the Federal Reserve’s decision Wednesday to raise the Fed Funds rate by 25 basis points has been about how this is likely to have a negative effect on home affordability. What if this isn’t true? In fact, here are three positive side effects to rising interest rates.
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How much money should you have in savings before becoming a mortgage broker?

Mortgage brokers can make a killing, but it takes some time
While the industry is slow to adopt sexier elements, such as tech advancements and digital processing, there is one way to lure great talent — tell them how much money they can make if they work hard. Yet, it takes time before those first paychecks start to roll in. But how long? And how much money should you have in savings before becoming a mortgage broker?
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Monday Morning Cup of Coffee: Housing takes center stage at SXSW

Mortgage finance finally rubbing shoulders with the IT crowd
“How do we make real estate sexy like South By Southwest is,” Sean Dobson, chairman and CEO of Amherst Holdings, joked at his company’s session at the renowned conference in Austin. The data and analytics company for the real estate industry is on an extremely short list of housing-affiliated companies attending the two-week conference, and who else but HousingWire would be there to cover it all? No one, that's who. Click to read the exclusive coverage!
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LendIt Wrap: We're missing the trillion-dollar opportunity in the commercial real estate market

Will tech give us a chance to play catch-up?
The takeaway from LendIt is that commercial and multi-family real-estate technology is extremely nascent and poised for disruption although not without challenges, and that competition in the space is only likely to grow as computing power and machine learning models improve to meet the challenges. 
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Where does housing finance reform stand right now?

And here's what's stopping reform
Attendees at Goldman Sachs’ housing and consumer finance conference took a break from talks of regulatory change, alternative asset classes and raising capital funds for a low-key lunch served in the same room. As attendees unwound from the back-to-back panel sessions, they sat and listened to five experts try to unwrap the mess that is housing finance reform.
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