REwired

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Open commentary on everything impacting the U.S. housing economy. The opinions expressed here represent the author's alone.

Monday Morning Cup of Coffee: Inside the housing economy's monster news weekend

Your MBA/Fed/Fannie/Freddie/Kilauea/California housing update!
The MBA Secondary mood is so.... Plus, Texas jobs are booming, with no end in sight. New York and San Francisco startups promise to find people to co-live with each other. Plus, Fannie and Freddie risk-sharing bond performance updated. And, this person claims to have single-handedly caused the housing crisis in California. Plus, even more.
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Are we headed for a housing slowdown this summer?

Will mortgage rates at recent record levels drive down home buying?
Mortgage interest rates just hit the highest level in seven years, but those in the lending trenches already knew that, right? That news shouldn’t come as a surprise to those of you who live and breath the mortgage business. But what about everybody else? Is that sticker shock going to drive some prospective buyers to remain prospective buyers this summer?
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Movement Mortgage CEO: Robots will not replace loan officers

"You can't automate empathy"
In the most recent episode of “The Winner’s Circle”, HousingWire Editor-in-Chief Jacob Gaffney discusses a range of issues with Movement Mortgage CEO Casey Crawford, from how to increase black homeownership to how technology is changing mortgage lending. When asked about the application of artificial intelligence and automation in lending, Crawford said he anticipates that every tactical element is going to be automated but he reminds us that there is no replacement to human interaction.
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Your favorite mortgage finance publisher is upgrading, in more ways than one

HousingWire CEO: As mortgage industry evolves, so do we
The economy and housing market both look good as we head into, what should be, another robust summer home sales season. At HousingWire, our mission is Moving Markets Forward. To help our readers and clients continue to put buyers in homes, win market share and build successful businesses, we’re making some serious investments.
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Wells Fargo: You’re scaring younger generations away

Here’s why young adults may steer clear
[Op-ed] Many Millennials are looking for a trustworthy bank, but will Wells Fargo’s scandalous headlines steer them away? As I approach independence, the bank I choose will set me up for failure or success. While many seem promising, I’m definitely hesitant about this one in particular.
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Communication is key: Q&A with loanDepot’s Julius Washington

"In today’s market, communication is the biggest tool you have"
How do Loan Officers set themselves apart and earn a share of today’s smaller business pie? We asked Julius Washington, executive licensed lending officer at Foothill Ranch, California-based loanDepot. As one of loanDepot's top-performing LOs, Washington shared his perspective on what drives his personal success. 
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Loan Officers: Your social proof is capital you can't afford to lose

What is social proof and why you should care
[Commentary] Have you heard of social proof? If not, I don't blame you. It is a term that wasn't all that common 18 months ago but is now becoming a popular buzzword, with good reason. Social Proof is paramount if you want to grow your business in the internet economy and connect with the modern consumer.
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Monday Morning Cup of Coffee: Federal Reserve Board to vote on lifting Wells Fargo’s growth restrictions

Plus St. Louis Fed President James Bullard says further rate increases aren’t necessary
Following pressure from Sen. Elizabeth Warren, Federal Reserve Chair Jerome Powell has indicated that the Fed's Board of Governors will hold a vote to decide whether or not to lift growth restrictions placed on the megabank. Plus, here's why Capital One putting a stop to mortgage lending is good for its investors.
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