REwired

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

Straight talk about independent mortgage bankers

How regulated are they really?
Independent mortgage bankers have increasingly been in the news of late. Ten years after the 2008 housing crisis, the strong trends of IMB growth in mortgage lending continue as banks show little sign of reversing their retreat from our mortgage markets. But are IMBs regulated enough? CHLA responds.
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Bottom's up: Here are 10 markets projected to see depreciation

See which markets are projected to depreciate or stay the same
Veros' Eric Fox breaks down the U.S. markets with lowest projected appreciation. Of the previous quarterly report's 10 MSAs predicted to depreciate or remain unchanged over the next year, seven moved up and out of the bottom list this quarter. Read more to find out which markets made the list.
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[VIDEO] My experience at the Ellie Mae Classic

Celebrities and mortgage execs hit the links for a good cause
I landed in San Francisco on Monday to report at the fourth annual Ellie Mae Classic, a celebrity golf tournament that supports the Mortgage Bankers Association's Opens Doors Foundation. I spent the day connecting with industry players at TPC Stonebrae, where the lush golf course rolled into breathtaking views of the San Francisco Bay.
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Would a reverse mortgage by any other name smell… sweeter?

Maybe the name is holding the product back
It comes as a surprise to…well, no one, that reverse mortgages come with some deep-seated negative connotations attached, which is why the industry has long debated the so-called “name problem.” Unfortunately, an issue like this is kind of a hard one to get around.
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Not just doing well, but doing good

How the housing industry is giving back to communities
In a special sponsored supplement to the August issue of HousingWire Magazine, The Housing Industry Gives Back, we recognize some of the outstanding ways that companies in our industry are contributing to the well-being of individuals and families across the country. We spotlight charitable giving in our magazine's Kudos section each month, but we wanted to expand that coverage and tell some larger stories. 
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Monday Morning Cup of Coffee: Is the housing market finally slowing down?

California fires continue to rage
As we head into the hottest month of the year, is home price growth finally starting to cool down? It looks like it might. For the first time in almost four years, home prices posted three straight months of declines in annual appreciation. But as the housing market cools, California continues to heat up as wildfires sweep across the state, claiming yet more victims.
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Hey regulators, let’s fix the Community Reinvestment Act

It’s time to make CRA more effective in the 21st century banking system
The Community Reinvestment Act is important to provide fair access to credit and investment, and many financial institutions agree it’s an important tool in their business strategy. But current guidelines render it ineffective, and it’s time regulators institute much-needed change.
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HousingWire launches exclusive 5-part regtech podcast series

Regtech Report brought to you by ComplianceEase
HousingWire and ComplianceEase are teaming up to launch the weekly series in mid-August and will cover topics, such as artificial intelligence, big data and compliance, compliance, compliance. So keep an eye out, we’ll announce each new episode in our email alerts, and thanks for listening!
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Why reverse mortgages still matter

Volume is in a slump, but players insist demographics are on their side
Over the years, reverse mortgages have suffered reputation issues, battled inaccurate news coverage and adjusted (again and again and again) to new regulations. Yet, the industry persists. Talk to any reverse professional and they'll tell you why: It’s the demographics, and the numbers don’t lie.
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