REwired
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.

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

Monday Morning Cup of Coffee: Hurricane Matthew causes billions in insured property losses

Fannie, Freddie offer relief to hurricane victims
Hurricane Matthew's sweep through the Southeastern coastal states left behind billions of dollars of damage, according to CoreLogic’s estimates. The GSEs are once again offering disaster relief to those whose homes were destroyed. Plus, St. Louis found a new way to create affordable housing for teachers.
Read More

Monday Morning Cup of Coffee: Illinois looks to end ties with Wells Fargo; TRID anniversary

What's going on with Deutsche Bank?
One year ago today marked a pivotal change in the industry: the CFPB officially held lenders, vendors and everyone in the industry accountable for the Know Before You Owe rule. Meanwhile, trouble is far from over for Wells Fargo as the city of Chicago and the state of Illinois add their names to the list of places that are still looking for retribution.
Read More

Here's how the new overtime labor law will change the housing industry

Salaried employees making less than $47K must be compensated for anything over 40 hours
Starting Dec. 1, 2016, overtime will have a whole new meaning since the White Collar Exemption salary threshold is about to jump by more than 100%. There’s just over two months until this law goes into effect, and with the housing industry projected to boom up to $2 trillion this year, the need for overtime isn’t going away anytime soon. Something will have to give.
Read More

Got tough questions about the CFPB's 900-page mortgage-servicing rule?

HousingWire gets you the answers
Hurry! This webinar is this afternoon at 1 CST! For those wondering if the Consumer Financial Protection Bureau’s mortgage-servicing rule is published in the Federal Register yet, the answer is no. This gives the industry a little bit of extra time to digest all the details that are in the final rule. Luckily, HousingWire is hosting a Q&A expert webinar to make sure you have all the information you need to fully comply with the rule and properly conduct business.
Read More

Conference dispatch: The overall non-agency mortgage market struggles, successes

A take on two conferences
Last week, owing to an apparent breakdown in internal communications, one of the industry’s leading conference producers held two competing securitization conferences on the East and West coasts. A few determined conference goers, including Mark Hughes, executive vice president with Clayton Holdings, racked up frequent flyers miles to attend both, giving HousingWire the scoop on what went on.
Read More