REwired

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

Housing finance reform should fix what’s broken

What does housing finance reform look like?
[Expert commentary] Nearly 10 years after Fannie Mae and Freddie Mac were placed into conservatorship, housing finance reform remains the single largest piece of unfinished business of the housing crisis. The failure of Fannie and Freddie, the taxpayer bailout and repayment that followed, and their unresolved conservatorship continue to demand final resolution, even if Congress does not.
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What Realtors need to know about Millennials

And what mortgage lenders should tell them
[Op-ed] A strong Realtor/lender partnership will only make the transaction more successful and the client experience more pleasant. We take time to praise each real estate agent we partner with, and offer accolades and positive reviews. You should too, and here's why.
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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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