January 2017 - The World's Local Bank

TheMReport — News and strategies for the evolving mortgage marketplace.

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14 | TH E M R EP O RT READ THIS: BIG SHIFTS AHEAD: DEMOGRAPHIC CLARITY FOR BUSINESSES By John Burns and Chris Porter By using more than 100 colored charts and facts, Burns and Porter simplify the use of demographics in busi- ness. Readers of the book will be able to better antici- pate trends, as well as better quantify and understand demographics. This better understanding will allow businesses to more effectively shift their strategies when unexpected changes happen in the market. The authors use a new system to define generations—by decade—along with the four biggest influencers on generational behavior, and there is a chapter dedicated to each of the seven demographic groups that contain the biggest business opportunities. SHARE THIS: CFPB FALL 2016 RULEMAKING AGENDA The Consumer Financial Protection Bureau (CFPB) pro- vides a summary of various initiatives on which it has sought public comments and is now reviewing those comments. One of the initiatives is the "Know Before You Owe" mortgage rule, or TRID, on which the bureau sought comments on a Notice of Proposed Rulemaking to make clarifications and offer further regulatory guidance in regard to TRID. The agenda provides a summary of other mortgage rules, which include cer- tain consumer protections for mortgage originations and servicing designed to prevent the practices that led to the 2008 financial crisis. See for more information. WATCH THIS: YOUTUBE.COM/FHFA CHANNEL Federal Housing Finance Agency (FHFA) Supervisory Economist Andy Levantis offers a primer on the FHFA's conforming loan limits. The primer includes what con- forming loan limits are for mortgages guaranteed by Fannie Mae and Freddie Mac, the process that is used to determine those limits, and why they are increasing for the first time in a decade this month. TWEET THIS: #EYEONHOUSING #EyeonHousing collects the latest expert commentary about the trends in housing from the research analysts and economists at National Association of Home Builders. Find out the most current news about such topics as serious delinquency rates, household debt, construction spending, consumer confidence, personal income, pending home sales, home prices, the GDP, single-family rentals, housing starts, and how the most current trends on these issues impact housing. FROM THE SOURCE

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