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New American Funding expands footprint in Chicago

Grand opening scheduled for Thursday
New American Funding announced its expansion in the Chicago area with its latest branch opening. As the company prepares to open its new location, it also selected a branch manager. Here’s more about the grand opening, the branch and its new leader.
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More Republican representatives speak out against CFPB

Representatives reach out to constituents in local publications
The full version of the Republican-led Financial CHOICE Act, which aims to replace Dodd-Frank, is finally out after a lot of buildup on its coming release. So, as the hearing date to discuss it nears, more Republican representatives are vocalizing their opinions against Dodd-Frank and the Consumer Financial Protection Bureau and fight for the Financial CHOICE Act.
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RE/MAX and HouseCanary collaborate to provide agents with real estate data

Agents utilize HouseCanary data
RE/MAX and HouseCanary announced a collaboration to provide agents with exclusive data. HouseCanary is a real estate analytics company that provides values and forecasts for more than 18,000 U.S. residential markets and 100 million properties. Want to know what a home will be worth in two years? RE/MAX agents now know.
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[Charts] Black Knight: Home prices hit new peak in February

Report shows metros with most and least home-price changes
Black Knight released a new report showing home prices increased in February to a new peak. Some states increased to a peak, however others remain a full 20% before previous peaks. The report breaks down the top metros with home price increases and those with the greatest drops.
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How will a government shutdown impact the mortgage process?

Top areas that could hit a roadblock
Lenders and homebuyers might need to prepare for potential roadblocks in the homebuying process if the government does shutdown after April 28. Yes, lenders handle the main decision of if a borrower gets a loan, but there are key parts of the mortgage process that rely on government workers.
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Trump signs memorandum on Dodd-Frank's orderly liquidation authority

Along with another executive order and memorandum
President Donald Trump signed one executive order and two presidential memoranda on Friday, affirming once again that he plans to roll back many of the regulations put in place in the aftermath of the financial crisis. Unlike a broader past executive order designed to roll back the Dodd-Frank Wall Street Reform Act, Friday’s executive memorandum focused on the orderly liquidation authority part of Dodd-Frank.
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NAHREP stands behind Mortgage Banker Association proposition for GSE reform

Pleased with MBA’s attention to affordable housing
The National Association of Hispanic Real Estate Professionals issued a statement supporting the Mortgage Bankers Association’s proposal for GSE reform. NAHREP stressed that it supported the MBA’s focus on affordable housing, which would help Hispanics who make up 40% of the U.S. first-time homebuyer population.
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Cincinnati sues Harbour Portfolio Advisors over predatory foreclosure sales

Already under CFPB investigation
Harbour Portfolio Advisors remains in the hot seat as it faces another investigation into its foreclosure sales practices. The city of Cincinnati announced a lawsuit against the company, one of the nation’s largest sellers of foreclosed homes, due to unpaid fines and alleged failure to properly maintain dozens of homes.
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Attention lenders: The CFPB is now focusing more on fair lending in mortgages

A look at where the CFPB will increase its fair lending oversight this year
After looking back at its fair lending priorities for 2016, the Consumer Financial Protection Bureau highlighted which areas will be top priorities for 2017. So what’s at the top of the list? Mortgages. The bureau explains where it is ramping up its efforts in its latest annual Fair Lending report.
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