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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.

Here's a status update on Freddie's 3% down mortgage program

Where are 97% LTV products headed?
Freddie Mac is adamant about not sharing details on the success of its Home Possible Advantage Program, with no apparent plans to start revealing it. So, what is public knowledge about the program? Here's what Donald Layton, Freddie Mac CEO, said during the conference call.
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Five things we learned from the 2016 home-buying season

And what it all means for 2017
[EXPERT COMMENTARY] With vacations over and the holidays coming fast, home buying is beginning to slow down. So, given all of the predictions for 2016, let’s review the better part of the 2016 home-buying season and see what we’ve learned, with an eye toward 2017.
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Monday Morning Cup of Coffee: Prospects of a Trump presidency, and the good news in Detroit

Also, the scariest part of the OCC security breach
There are still about 30,000 vacant houses and buildings in Detroit as a result of manufacturing job loss and the foreclosure crisis. But a program funded by unions to renovate vacant houses in Detroit has been so successful that it's now being expanded to eight more Rustbelt cities, the AP reported on Sunday. All this and more in MMCC!
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Campaign pain: What does this election season mean for mortgage finance?

"From caucus to raucous"
It seems like we've gone from caucus to raucous this election year.  Anyone not bombarded by the rancor is probably hiding under a rock. The rest of us, however, are left wondering not only who will occupy the White House next, but what we're in for. For mortgage and real estate professionals, there's some interesting solace to be found in historical economic data.
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Here are 5 big insights from the new HMDA data

The state of the mortgage and housing market for 2015
The release of the Home Mortgage Disclosure Act data for 2015 at the end of September gave an important status update on the mortgage origination market. Most notably, it showed the market continued to benefit from an improved housing market in 2015. Here are five takeaways from the new HMDA data set, according to one expert economist.
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Here's how to navigate the turbulent waters between CFPB regulation and bankruptcy code

Getting bankruptcy right
As each year goes by, lenders and servicers spend more of their budgets on compliance to avoid regulatory potential pitfalls. The perception that the cost of proper training and revising current procedures outweighs the cost of litigation related to default bankruptcy servicing. This isn't true. Instead, this is what you need to do.
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Bye-bye regulation, the mortgage industry found a new focus: technology innovation

The hot topic at MBA Annual 2016
There was a clear difference in the atmosphere at the Mortgage Bankers Association’s annual convention and expo in Boston this year. A quick look at this year's headlines compared to last year's headlines shows the dichotomy between the two. The industry was so stifled by TRID last year that the burden carried over into the mood of the conference. This year, however, produced a different, better story.
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Don't move on too quick, TRID isn't over yet

Not enough TRID at MBA Annual? Here’s what you need
Last year, TRID was everywhere. You couldn’t get away from the Consumer Financial Protection Bureau’s new Know Before You Owe rule. But while you likely have a better handle on TRID one year later, don’t forget that the news on TRID isn’t over. The Mortgage Bankers Association’s annual convention this year featured only one panel session on TRID, a significant change from all the hype surrounding it last year. Here's what you still need to know. But act fast, this webinar is today.
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