REwired

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

This MSA is leading in real estate appreciation

Real estate values to continue rising
The latest VeroFORECAST report predicts a slight uptick in the national average of real estate appreciation, while this MSA remains in the lead for appreciation for the second quarter. Check out Veros VP of Statistical and Economic Modeling Eric Fox's breakdown of the data.
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Monday Morning Cup of Coffee: Did Detroit finally recover from the housing crisis?

Home prices in Motown are nearly back to pre-crisis peak
Detroit was one of the hardest-hit cities in the financial crisis. Now, 10 years later, is it finally showing signs of recovery? Also, in case you missed it on Friday, the battle over the leadership of the Consumer Financial Protection Bureau is nearly over. Full details within. All that, and more, in your Monday Morning Cup of Coffee.
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What is a Conditional Loan Approval?

If the lender can’t move quickly, the borrower will go elsewhere
[Op-ed] Lenders are doing all they can to get borrowers into their pipelines faster. Speed is a requirement for both customer satisfaction (see J.D. Power & Associates) and to ensure high pull-through rates, which are essential for cutting the overall cost to originate. If the lender can’t move quickly enough, today’s borrowers will go elsewhere in search of home financing.
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An inside look at the battle over AVMs

What exactly makes a company’s valuation system a “trade secret”?
[Expert commentary] There's a serious battle being waged right now over automated valuation models. Some in the housing industry love AVMs, while others despise them. And AVMs only seem to be growing in popularity. But what happens if one company gets accused of stealing another company's AVM formula?
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Three emerging cybersecurity trends to focus on in 2018

These are the trends your company should look out for
[Expert commentary] We’re now well into the second quarter of 2018, a point where organizations should be well into executing their technology and cybersecurity plans for the year. However, many are still looking for guidance on what products they should be considering, how to align their needs with their limited budgets, or even more simply, how to meet the latest compliance requirements. Here are three emerging trends companies should be focused on for the rest of 2018.
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Fannie Mae experts: How to address rising rents for moderate income households

Bob Simpson and Tanya Zahalak on helping middle income renters afford their rent
[Expert commentary] There should be a surplus of available units for for middle income renters, so why do rents keep rising? It's complicated. And what are we supposed to do about it? That's complicated too. Here's a look an exclusive look at some solutions to these issues from experts at Fannie Mae.
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Don't miss this: HW Insiders nominations close Friday!

What are you waiting for?
Is there someone at your company who is the go-getter? The unsung hero who faces challenges head on? Nominate them for HW's Insiders Award, which acknowledges the unsung heroes of mortgage finance, or those who are crucial to a company's success but may not be known to the rest of the industry.
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