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

Q&A: Former Rep. Rick Lazio on today's biggest housing challenges

How is Washington responding?
[Commentary] With the J. Ronald Terwilliger Foundation for Housing America’s Families’ Housing America’s Families Forum coming up on Nov. 15, HousingWire sat down with Rick Lazio, a former New York representative, to discuss the challenges in today’s housing market. This Q&A dives into how America can address these housing challenges.
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Monday Morning Cup of Coffee: Is the way the CFPB handles enforcement about to change?

Nevada senators urge mortgage relief for Las Vegas victims
Every day, it seems there’s a new rumor surrounding the apparently looming departure of Consumer Financial Protection Bureau Director Richard Cordray. But regardless of what happens to Cordray, the way the CFPB handles enforcement could be changing as we speak. Plus, the senators from Nevada call on the mortgage business to grant relief to victims of the Las Vegas shooting. All that, and more, in your Monday Morning Cup of Coffee.
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Call to action: Struggling to find young mortgage talent? Take time to mentor them

Attracting vs. retaining
[Commentary] One of my favorite questions to ask young workers in the mortgage industry is, “What motivated you to join the space?” And even more importantly, “What made you decide to stay in it?” The question is two-fold because not only is this industry in desperate need of new mortgage talent, but it’s also struggling to retain that talent. We need to fix this.
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Here are 3 money-losing myths about mortgage technology

Check out these ways to avoid them
Lenders keep thinking that their next technology solution will be easily adopted, or that some fancy software product will eliminate compliance headaches. These things never happen. That’s because most lenders buy into three common myths about mortgage technology — but there are ways to avoid them.
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Carson update on HUD overshadowed in tense House hearing

Testifies before the House Financial Service Committee
Unlike past hearings that tend to be filled with political theatre from both sides of the aisle, the mood of HUD Secretary Ben Carson’s Thursday hearing before the House Financial Services Committee was more emotional. As he gave an update on the health of America’s housing system, the impact of the current events going on outside of the room could clearly be felt inside of it.
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SoFi starts GoFundMe to aid their people impacted by California wildfire

Ours is an industry that helps its own. We came together to support those impacted from the destruction of Hurricane Harvey, Irma and Maria, and we’ll continue to come together no matter what life brings, which includes the wildfires scorching across Northern California. SoFi started a GoFundMe so its employees have a place to go to help their own. Here’s how you can help.
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Did the clock just officially start ticking on Richard Cordray’s tenure as CFPB Director?

CFPB announces payday lending rule; industry speculates on Ohio bid
After much anticipation, the Consumer Financial Protection Bureau published its finalized rule on payday lending. Outside of the rule’s impact, the bureau’s announcement could carry a much bigger meaning for the financial services industry: the growing possibility that CFPB Director Richard Cordray might soon officially announce a bid for Ohio governor.
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5 keys to protect your private information online

Lessons from the aftermath of the massive Equifax data breach
[Expert commentary] There is no way to fully protect your private information online, unless you avoid using digital tools altogether. However, this is not an option for most people, so the next best thing to do is to use caution when providing private information. To help, here are 5 steps to protect your private information online.
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Monday Morning Cup of Coffee: Feds finally end AIG oversight

Plus, Mnuchin defends tax plan and some good news in Miami
In just the latest chapter of the Trump administration's deregulation playbook, The Financial Stability Oversight Council, created by Dodd-Frank and comprised of 10 senior financial regulators, including Treasury Secretary Steven Mnuchin, CFPB Director Richard Cordray and Federal Reserve Chair Janet Yellen, voted to remove federal oversight of American International Group Friday night.
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