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Daily Dose

Feds Need to Prepare for Senior Housing Boom

By 2030, a full 20 percent of the American population will be at least 65 years old. The bad news is that a large percentage of that population will not be financially prepared to fund their retirements and age in their own homes, and the government needs to start fixing the problem now.

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First-time Homebuyers Flood the Market

According to the American Enterprise Institute’s International Center on Housing Risk, first-time buyer volume has jumped 18 percent since April of last year, totaling 98,000 first-time buyer loans for the entire month.

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House Grants MLOs Transitional Licensing

The U.S. House of Representatives unanimously passed the SAFE Transitional Licensing Act by voice vote. The bill could alter the way that mortgage loan officers at a federally-insured institution move to nonbank lenders.

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A Big Win for BOA in “Hustle” Case

Bank of America has been fighting for nearly two years to reverse a $1.27 billion penalty over Countrywide's "Hustle" mortgage program. Why did an appellate court reverse that penalty on Monday?

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The Week Ahead: GDP Growth in the Spotlight

The Bureau of Economic Analysis (BEA) will release the second of three estimates for the nation's first quarter GDP growth this week. In the advance estimate for the first quarter released in late April, the BEA reported GDP growth to be a weak 0.5 percent.

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An Industry on Bated Breath for PHH v. CFPB

PHH Corporation’s appeal of the CFPB’s ruling may not only clarify the CFPB’s reach in interpreting statutes and doling out enforcement actions, but it also challenges the very structure of the bureau and its director. Editor's note: This select print feature appears in the May 2016 edition of MReport magazine.

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