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  • Former Trump campaign chair Paul Manafort found guilty of tax, bank fraud

    President Donald Trump's former campaign chair was just found guilty of tax and bank fraud. A jury in Alexandria, Virginia, found former Trump presidential campaign chair Paul Manafort guilty on eight charges of tax and bank fraud. The jury, which was deliberating 18 total charges, was unable to reach a consensus on 10 of the counts. Click the headline for the full story.

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Former Trump campaign chair Paul Manafort found guilty of tax, bank fraud

Jury finds Manafort guilty on 8 counts, judge declares mistrial on other 10
President Donald Trump's former campaign chair was just found guilty of tax and bank fraud. A jury in Alexandria, Virginia, found former Trump presidential campaign chair Paul Manafort guilty on eight charges of tax and bank fraud. The jury, which was deliberating 18 total charges, was unable to reach a consensus on 10 of the counts. Click the headline for the full story.
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New Mexico sues Wells Fargo for opening up fake accounts

Attorney General Hector Balderas follows through on threat to sue bank
Back in November, New Mexico Attorney General Hector Balderas threatened to sue Wells Fargo over the bank allegedly opening up thousands of fake accounts in the state’s residents' names, and now, Balderas is following through on that threat.
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Fannie Mae, Freddie Mac ending expansion into single-family rentals

FHFA says single-family rental market can function without GSEs
Over the last year or so, Fannie Mae and Freddie Mac both expanded their presence in the single-family rental market, with both of the GSEs beginning to fund single-family rental investments for larger players in the market. But that expansion is about to end.
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Get set for the mortgage lender shopping spree

On your mark...
It’s well reported, after HousingWire first broke the news to LendingLife readers, that Amazon is looking to get into the mortgage lending space. Where other news outlets miss the mark, however, is the entry-point strategy. Here's what is really happening.
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Are seniors ready for the digital reverse mortgage?

New startup MortgageRewind says yes
Historically, reverse mortgages require a long, consultative sale that often calls for numerous meetings, lots of paperwork and a good bit of hand-holding. One Colorado-based startup is aiming to change this with the launch of its 100% digital HECM application, offering seniors the ability to obtain a reverse mortgage from start to finish online.
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Thinking outside the box with mobile marketing

What apps are homebuyers using?
Mobile devices have forever changed the way that Americans make purchasing decisions and interact with their providers. According to the National Association of Realtors, 89% of new home shoppers use a mobile search engine at the onset and throughout their research and mobile communication is even more prominent among Millennial homebuyers. So why aren’t we using mobile technology in every capacity we can?
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HousingJobs: The latest fintech job trends

The industry is ripe for fintech companies
Job hunting can be frustrating. At HousingWire, we want to make the process easier for job seekers in the industry. Our new service, HousingJobs, lists the latest gigs in the housing industry for loan officers, underwriters, processors, loan servicers, and tech and marketing pros. Check out this monthly blog for the latest job postings along with some industry insight.
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Judge tosses civil rights groups’ suit against HUD over delaying Obama fair housing effort

Groups challenged HUD’s changes to Affirmatively Furthering Fair Housing rule
A federal judge late last week dismissed a legal challenge from three civil groups over the Trump administration’s move to delay and change a controversial Obama-era fair housing rule. The groups hoped to have the rule reinstated. But that won't be happening now.
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Bloomberg: Trump taking shots at the Fed, again

Trump publicly expresses displeasure with decision to increase interest rates
President Donald Trump is back at it, taking shots at Federal Reserve Bank Chair Jerome Powell. Bloomberg reports that according to the three people present at a fundraising event in the Hamptons, Trump complained to wealthy Republican donors at a fundraiser in the Hamptons that Powell was raising interest rates.
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