REwired

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

#TimesUp for real estate investor Sam Zell

When is enough, enough?
I’ve seen all the latest updates on the #TimesUp and #MeToo movements, yet it somehow manages to shock me each time I hear of something new happening. On a recent National Association of Real Estate Investment Trusts panel, real estate investor Sam Zell made some shocking comments. So when is enough going to be enough?
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HousingJobs blog: Affordable housing crisis affects the job market

The cost of living outweighs average annual income in major metropolitan cities
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 weekly blog for the latest job postings along with some advice from employers, industry tips and more! 
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Minimum wage, minimum housing prospects

Minimum wage workers can’t afford a 2-bedroom anywhere in the U.S.
[Op-ed] If you make minimum wage, chances are you have limited housing prospects. The maximum affordability for most low income renters is $660 a month, but they need to make at least $22.10 in order to rent a modest 2-bedroom apartment. Sadly, most market-rate apartments in every U.S state continue to be out of reach.
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5 key tech tools to engage your modern homebuyer

Handy checklist for LOs
[Expert commentary] One in five Millennials use their smartphones exclusively to shop online for all products, not just homes and home loans. It is time for mortgage companies to recognize and update their marketing and customer experience to reach the modern consumer. Here are some valuable tools and strategies to use.
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Bringing the transformational power of AI to the mortgage industry

Newer tech innovations do much more than simply automate tasks
[Expert Commentary] Today, the utilization of robotics and automation – along with decisioning logic – has helped to advance the mortgage lending process from the sluggish, error-prone efforts of a decade ago to a far more productive environment with a focus on data integrity and customer experience. However, newer technology innovations have now reached a point where it is possible to do much more than simply automate tasks.
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Ask the Underwriter: A borrower qualifies using W-2 income, do I include the self-employment loss?

You ask, our LendingLife underwriter answers
Question: I have a borrower who is looking to purchase a new home. They are employed by a large corporation and qualify for the loan using only their W-2 income. However, the borrower has a Schedule E loss on their tax returns from Self-Employment through an S-Corporation. If the borrower qualifies using only their W-2 income, do I need to include the self-employment loss in their debt-to-income ratio? Click for the answer!
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Merging mortgage innovation and the gig economy

Movement CIO: Loan officers need mobile technology
Movement Mortgage’s maiden voyage into improving the productivity of a loan officer began this spring with a crowdsource competition to design and develop a digital operating system to give LOs the tech tool they need for success. Here's the latest on that advancement.
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HousingWire named exclusive media partner of The Mortgage Collaborative

New partnership sees HW team up with industry association
HousingWire has been named the exclusive media partner for mortgage lending association The Mortgage Collaborative. “HousingWire is thrilled The Mortgage Collaborative looked to us to be their partner in providing media and marketing expertise and opportunities to their members,” said Jennifer Watson Laws, HousingWire’s national sales director.
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Monday Morning Cup of Coffee: Ben Carson backtracks on plan to raise rents for poor

Plus what to expect in world economy’s most important week
HUD released a plan in April that HUD Secretary Ben Carson says will push millions of low-income households toward self-sufficiency. Now, he could be pulling back from that proposed plan. Also, here’s everything you need to know about the most important week of the year for the world economy.
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HousingJobs blog: Low unemployment rate makes it a job-seekers market

But Movement Mortgage motivates applicants with storytelling model
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 weekly blog for the latest job postings along with some advice from employers, industry tips and more!
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