Items Tagged with 'Monday Morning Cup of Coffee'

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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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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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Monday Morning Cup of Coffee: The dark side of mortgage automation

Plus, the latest on the New York Fed's cyberheist
Lots of people, including your friends here at HousingWire, have noted that the mortgage industry is ripe for tech disruption. But buried in all the good news about efficiency, lower costs and borrower satisfaction is the potential for serious job loss. Here's a look at how the technological revolution could impact the financial services industry. All that, and much more, in your Monday Morning Cup of Coffee.
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Monday Morning Cup of Coffee: Was TRID worth it?

Plus a window into the credit invisible
For businesses in the mortgage space, there's some optimism of late thanks to the Trump administration's emphasis on deregulation. And that's understandable. But what about all the time, energy, and money that the industry spent over the last few years dealing with a glut of new regulations? Was it all worth it?
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Monday Morning Cup of Coffee: Two senators join battle between the CFPB and PHH

Chronos Solutions launches National Title Operations Center
While the landmark case between PHH and the Consumer Financial Protection Bureau awaits a decision on whether the full Court of Appeals will rehear the case, more politicians are publicly voicing their support for the bureau. So what’s the big reason for the added support? The new Trump administration. Meanwhile, Chronos Solutions’ new CEO announcement on Friday isn’t the company's only news.
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Monday Morning Cup of Coffee: Reasons to be optimistic in 2017

Forecasts for the holiday season and beyond
This year is almost over, and housing industry experts are all making their predictions for 2017. Although not everyone agrees on what next year will look like after President-elect Donald Trump is inaugurated and in the midst of a rapid rise in interest rates, most economists have a positive outlook for next year. 
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Monday Morning Cup of Coffee: Here's what we know about Trump's housing team

Who else wants to join the team?
In the short time since America's electoral college named Donald Trump as the next president, a lot of announcements on who will serve on his team already came out. There are more than 4,000 political appointees to fill and the clock is ticking. This is what we know so far. And for those who want to join the team, there’s an option for you too.
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Monday Morning Cup of Coffee: Trump's potential power play at the Fed

Homebuilders cheer the EPA's decision on stormwater requirements
Cabinet positions aren't the only areas of uncertainty under a Trump administration. With the next FOMC meeting set for Dec. 13-14, Fed watchers are speculating on what he plans to do with the Fed once in office. In an article on Sunday, The Hill outlined several Republican priorities that might now see daylight, including subjecting the Fed’s monetary policy decisions to outside review and requiring the central bank to adhere to rules in setting policy.
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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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Monday Morning Cup of Coffee: Condo legislation finally a law; Brexit impact on refi apps

The HOA saga continues
As one of his last housing accomplishments before he leaves office, President Obama signed H.R. 3700 into law on Friday, which will dramatically improve long-fought restrictions on Federal Housing Administration financing for condominiums. Meanwhile, 2.8 million borrowers should be thanking Brexit right now for their positive financial situation.
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