REwired

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

Monday Morning Cup of Coffee: Countrywide, LandSafe accused of fraudulent appraisals during housing boom

Plus, Mueller says Manafort committed mortgage malfeasance
In today's Monday Morning Cup of Coffee: A federal judge recently granted class-action status to a lawsuit alleging that Countrywide Financial used LandSafe to conduct “sham” appraisals to increase the number of loans Countrywide originated during the mid-2000s. Plus, former Trump campaign manager Paul Manafort was accused of some mortgage misconduct. Click the headline for more.
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Fannie Mae CEO: We will return to profit in 2018

"We are a b2b business, we’re not a b2c business."
“We had a solid quarter in that our business performance was excellent,” Timothy Mayopoulos told HousingWire by phone. “The quarter’s earning are not a reflection of our underlying business. We will also benefit from the lower corporate tax rate.”
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Monday Morning Cup of Coffee: Equifax breach might have been worse than anyone thought

And CFPB taking a back seat on enforcement
A new revelation shows Equifax’s data breach, which occurred last year and affected about 145.5 million consumers, may have been worse than anyone thought. And CFPB Acting Director Mick Mulvaney announced the agency is enforcing the law but not being aggressive under his leadership.
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Deciphering eJargon: Moving past the buzzwords

Strategically understanding the world of “e”
[Expert commentary] When it comes to understanding the jargon and buzz that surround the world of digital transformation, the world of “e” can certainly seem like learning a new language. Here is a primer for moving past the confusing buzzwords and terminology associated with the digital transformation – and how to take action.
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Operationalizing the digital real estate transaction, from start to eClose

Number of completed eClosings continues to climb, yet industry volume remains relatively small
[Expert commentary] Another year has passed and like previous years, we saw tremendous energy and effort dedicated to encouraging widespread adoption of electronic real estate transactions. And yet, we’re still not there. For large numbers of eClose transactions to become scalable and industry-wide, it must work for everyone across the end-to-end fulfillment process without the friction that currently exists.
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How social enterprise is going to rebuild homeownership

Nonprofits touch hundreds of thousands of potential first-time homebuyers
Everyone from homebuilders to mortgage lenders and real estate professionals want to see the homeownership rate increase. These traditional pillars of the market are retooling their products and services and hoping for success. But another, often overlooked, player in the market is reconfiguring its business in order to put more wind in the sales of homeownership.
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Blockchain isn’t magic but it's designed to make you think so

There is a science behind the magic
[Op-Ed] Blockchain has been hailed as the next big thing and today’s most cutting edge technology, even without an adopted consumer facing platform as of yet. Those that may not know the ins and outs of blockchain can get lost in the “blockchain is magic” narrative. Blockchain can make life easier. But, there is a science behind the magic.
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