Industry Update: the Future of eClosing and RON

Join industry experts for an in-depth discussion on the future of eClosing and how hybrid and RON closings benefit lenders and borrowers.

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

How Biden’s Neighborhood Homes proposal impacts real estate investors

Dubbed the Neighborhood Homes Tax Credit, the proposal is part of the larger American Jobs Plan legislation — also known as Biden’s infrastructure plan. Here's a look into how it impacts real estate investors.

Politics & MoneyMortgage

Prepare for a return to Cordray-era CFPB

Biden pick prepares to put the teeth back into the bureau

Washington D.C

A “sick, sad joke.”

That’s the phrase a former Trump administration appointee for the Consumer Financial Protection Bureau, Acting Director Mick Mulvaney, used to describe the government agency he was later selected to lead.

President Donald Trump kept Mulvaney in his role for as long as possible, only nominating Kathy Kraninger at the end of the legally allowed 120-day period. Though Kraninger proved to be far less of a firebrand than Mulvaney, her stint as director was characterized by a far more business-friendly approached than had been seen under the Obama administration.

Under former CFPB Director Richard Cordray, regulation by enforcement, or the act of defining where the line was after a company had already crossed it, was the name of the game. Cordray believed that if you never defined the line, lenders would be much less likely to cross it.

With President Joe Biden now seated in the Oval Office, the CFPB is poised to turn back the block. Cordray believes the next four years could look a lot like his time in office, when he was sheriff of one of America’s most powerful regulators.

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