REwired

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

GSE reform in 2018? Mortgage finance positions of power in Washington up for grabs

The changing of the guard
[Commentary] There’s a perfect storm going on in Washington D.C right now. Just as talks over housing finance reform start to move from a laughing matter to a serious topic of discussion, some of the biggest positions of power on Capitol Hill just opened up. Or, they’re about to be up for grabs. Here’s a quick pulse on all the changes.
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Servicers: We've got your answers on disposition strategy

Find out how our hosted white papers can help
While overall U.S. foreclosures were down 20% in the second quarter compared to last year, 13% of metro areas saw an increase in foreclosures this year, including Houston, Oklahoma City, and Hartford, Connecticut — all up by double digits. If you’re a servicer, the potential for increased foreclosures could catch you flat-footed. Luckily, HousingWire has you covered.
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Realtor.com finds itself at center of Sean Hannity advertiser controversy

Real estate site says it’s not pulling ads from Fox News
[Commentary] If you’ve been on Facebook or Twitter in the last 48 hours, you’ve likely seen video of people destroying their Keurig coffee machines or throwing them out the window as a protest to the company pulling its ads from Sean Hannity’s show on Fox News. But Keurig was hardly alone in pulling its ads from Hannity’s show. One of the companies that supposedly pulled its ads is realtor.com, or so it appeared.
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No damages, no award: Loan servicer prevails in alleged RESPA violation suit

Key takeaways on what the case means
[Expert commentary] The only thing better than prevailing in court is not going to court in the first place. A recent decision from the Eleventh Circuit illustrates how an alleged violation of the Real Estate Settlement Procedures Act spurred lengthy litigation against a loan servicing company. Here are key takeaways on what this means for the industry.
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UWM CEO: Here's why we stand with BRAWL

Why is this movement happening now?
The BRAWL, Brokers Rallying Against Whole-tail Lending, movement is pushing back against the way things have always been in the wholesale lending space. HousingWire is talking to wholesale lenders on both sides of the fence to get their perspective on the movement that’s disrupting the space. Mat Ishbia, president and CEO of United Wholesale Mortgage, one of the "good ones," shares his thoughts.
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Monday Morning Cup of Coffee: Is Equifax using “creative” accounting to justify executive bonuses?

Wipes away breach costs in recent earnings statement
Is Equifax playing some accounting games to try to make its business look better in the aftermath of the massive data breach? Some people seem to think so. Plus, is one of the mortgage business' top startups backed by Russia's biggest bank? All that, and more, in your Monday Morning Cup of Coffee.
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How does the Trump tax plan impact real estate investment?

Here's what's next if tax reform passes
[Expert commentary] Outside the furor, the long-term impact of the tax plan is much grayer and has little impact on most Americans. The mortgage interest rate deduction benefits too few people in too few areas, and a broad-based decrease in taxes will ultimately benefit the housing market.
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Monday Morning Cup of Coffee: Leadership shake-up coming to the NY Fed?

Plus, NAR kicks off in the Windy City
Get the latest on leadership changes at the Fed(s). Plus, Financial analyst Gary Shilling says the Fed has to get out of the forecasting business. Also, the National Association of Realtors annual convention is underway in Chicago. What's on their mind? All that, and more, in your Monday Morning Cup of Coffee.
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Fannie Mae CEO: We are now devoting attention to mortgage servicing tech

"It's now technically possible to get to fully digital mortgages"
Fannie Mae CEO Tim Mayopoulos told HousingWire Thursday that Fannie Mae remains focused on trying to address frictions in the mortgage finance space. So what does all this mean? Fannie Mae is not just actively engaging with private vendors on the origination side. Indeed, the GSE intends to ramp up similar activities on the servicing side.
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