Mortgage Tech Demo Day

In a half-day format, technology companies will demo their platforms and answer questions. You can tune in for the whole demo day, or strategically drop in on sessions to learn about specific solutions.

DOJ v. NAR and the ethics of real estate commissions

Today’s HousingWire Daily features the first-ever episode of Houses in Motion. We discuss the Department of Justice’s recent move to withdraw from a settlement agreement with the NAR.

Hopes for generational investment in housing fade in DC

Despite a Democratic majority, the likelihood of a massive investment in housing via a $3.5 trillion social infrastructure package appears slim these days. HW+ Premium Content

Road to the one-click mortgage

This white paper will outline how leveraging a credential-based data provider can save money for lenders, reduce friction for borrowers, speed time to close, and overall bring lenders one step closer to a one-click mortgage.

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NYT: U.S. federal budget deficit soars 17% in 2018

Tax cuts and increased spending are to blame

The federal budget deficit spiked by 17% in 2018, rising to a whopping $779 billion.

According to a report from The New York Times, much of the winter weight in the deficit can be ascribed to the loss of tax revenues due to tax cuts under the Trump administration.

Last year, the deficit was $666 billion and, at its current rate of growth, it could balloon to over $1 trillion before the next presidential election.

This year’s deficit is the largest since 2012.

According to the report, administration officials attribute the rapidly rising deficit to greater federal spending, including the military and domestic budget increases President Donald Trump approved this year, and not the $1.5 trillion tax cut.

“President Trump prioritized making a significant investment in America’s military after years of reductions in military spending undermined our preparedness and national security,” Treasury Secretary Steven Mnuchin said in a statement.

“Going forward, the president’s economic policies that have stimulated strong economic growth, combined with proposals to cut wasteful spending, will lead America toward a sustainable financial path,” he added.

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3d rendering of a row of luxury townhouses along a street

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