REwired

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

Trump tax reform sets markets up for Santa Rally

Passage expected this week
While the corporate tax cuts will lead to Fannie Mae and Freddie Mac needing some temporary monetary support from the Treasury, there isn’t much downside investors can see to the tax reform. Both the Dow and S&P are up in this morning’s trading.
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Monday Morning Cup of Coffee: Republican committee passes tax reform

Look to pass bill to president before Christmas
It's the last week before Christmas! That means everyone is busy wrapping up the year and getting ready for the Holidays and 2018. Friday night, the Republican committee assigned to negotiate the bill, which strikes several compromises between the previous House and Senate legislations, including a compromise on the mortgage interest deduction.
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Part 2: Everything you need to know about entering the mortgage finance market

Post Dodd-Frank overview of regulated residential mortgage lending
An increasing number of nonbank financial participants are considering an entry or reentry into the mortgage finance market as the financial crisis, which commenced a decade ago, starts to recede from view. As more companies continue to consider entering mortgage finance, here’s everything they need to know about the market, and the regulators that govern it.
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David Stevens: Here's the MBA view on GSE reform

What to do about Fannie, Freddie, and even Ginnie
[Expert commentary] In an exclusive guest post, Mortgage Bankers Association President and CEO David Stevens presents the MBA's view on the "right" reform plan for Fannie Mae, Freddie Mac, and Ginnie Mae. How much should the government be involved in the mortgage market? Stevens presents the MBA case.
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Is the next leader of the MBA likely to be female?

Here's what's NEXT
Here’s a thought bubble: Considering Spencer Stuart recently released a white paper vaunting the importance of female leadership, will we get to see a female at the head of our most important trade group? Considering the title — Solving the Disappearing Women Problem — the answer seems like a “yes."
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Part 1: Everything you need to know about entering the mortgage finance market

Post Dodd-Frank overview of regulated residential mortgage lending
An increasing number of nonbank financial participants are considering an entry or reentry into the mortgage finance market as the financial crisis, which commenced a decade ago, starts to recede from view. As more companies continue to consider entering mortgage finance, here’s everything they need to know about the market, and the regulators that govern it.
Read More

Monday Morning Cup of Coffee: LinkedIn invests $10m in Silicon Valley affordable housing

The rent is too damn high!
Every week, it seems like there’s another example of people (or companies) going to extremes to secure housing in the Bay Area. Earlier this year, Facebook and Google both announced plans to help build new, affordable housing in Silicon Valley. And now, LinkedIn is joining in too. All that, and more, in your Monday Morning Cup of Coffee.
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Email: An incubator for the untapped business network

And why we created NEXT
[Expert commentary] There’s something called the “Hollywood handshake.” It’s when someone shakes your hand, but instead of looking you in the eye, they scan the room to see if there’s anyone more important to speak to. (We don’t like those people.)
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Can scoring trended data help lenders expand credit access?

And what’s keeping 50 million credit invisible in the U.S.
[Expert Commentary] Americans who don’t have a FICO Score present both an opportunity and a challenge for lenders. Some lenders are asking can scoring trended data, or more accurately trended credit bureau data, as some credit score companies claim, actually help expand credit access to these consumers? The short answer is no and here’s why.
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