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.

Mortgage

Trump announces temporary end to government shutdown

Deal to open the government for three weeks

President Donald Trump addressed the nation Friday, announcing lawmakers reached a deal on a bill to end the government shutdown.

“In a short while, I will sign a deal to open our government for three weeks until February 15th,” Trump said.

In answer to the biggest question of all – no, the funding bill does not fund Trump's border wall.

This announcement comes after Congress failed to pass two different funding bills through the Senate on Thursday – one with the wall funding and one without.

“I will make sure government employees receive their back pay very quickly, or as soon as possible,” Trump said.

During the shutdown, government employees missed two full paychecks. In fact, some cities had already begun to step in on their behalf, banning evictions on unpaid federal workers until one month after the shutdown ends.

As far as his border wall, Trump said he has “other options” he can pursue. “Walls should not be controversial,” he said, explaining he still plans to pursue the building of a wall on the southern border of the U.S.

“If we don’t get a good deal from Congress, the government will either shut down again on Febraury 15th,  or I will use the powers afforded to me by the Constitution of the United States to secure the funding,” Trump said.

But one expert explained it is unlikely the government will shut down again in three weeks.

“He presumably is doing that [reopening the government] because of the damage the shutdown is having on his own approval ratings, particularly now that the shutdown is beginning to have a wider impact – in this case by delaying air flights across the Northeast,” Capital Economics Chief Economist Paul Ashworth said. “Under those circumstances, it would be remarkable if Trump then decided to back himself into a similar corner in three weeks' time and triggered another shutdown.”

It remains to be seen if Republicans and Democrats will be able to come to an agreement to keep the government open on a permanent basis.

But perhaps the end to the shutdown, if only temporary, will give the government enough time to pay its unpaid employees and give the U.S. Department of Housing and Urban Development a chance to catch up on some of the federal contracts for more than 1,150 government-funded properties that house low-income renters that expired as a result of the shutdown.

Most Popular Articles

How the Delta variant may impact the housing market

How should you look at data on the housing market to tell if things are returning to normal? HousingWire’s lead analyst answers. HW+ Premium Content

Jul 29, 2021 By

Latest Articles

Biden announces new CDC eviction limits

The Centers for Disease Control on Tuesday issued new limits on evictions for non-payment of rent or mortgage through October 3, 2021.

Aug 03, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please