Housing shouldn’t look at any color but the color of money

Housing shouldn’t look at any color but the color of money

People with bad credit and bad habits should be squeezed out of housing

Who is Nat Hardwick?

Former LandCastle Title CEO owns NASCAR team, rubs elbows with PGA pros

Lawsuit alleges former LandCastle Title CEO embezzled $30 million

Nat Hardwick allegedly used funds for private jets, gambling
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News

Manhattan real estate prices hitting new records

Prices soaring despite increased supply on market
Trey Garrison
Prices for previously owned Manhattan condominiums rose to a record last month even as an increase in the supply of units eased competition among buyers.
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Redfin: Here's why now is the ideal time buy a home

Positive forecast for rest of 2014
Brena Swanson
Winter brought a surprise polar vortex that fed into a spring home-buying season that didn’t produce astounding results, but the remaining month of summer and rest of the year are projected to finally produce strong housing activity.
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The best and worst markets for house flippers

Flippers nationwide bought at average 8% below and sold at 6% above
Trey Garrison
In the second quarter on average flippers bought properties for an 8% discount below their estimated market value and re-sold them at an average 6% premium above their estimated market value.
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Here’s why home price growth will slow to 4% in 2015

Capital Economics says lingering crash weakness still dragging
Trey Garrison
Home-price growth has slowed across the board, and Capital Economics says the slowdown is on track to meet the company's forecast for inflation to slow to 4% in 2015.
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Moody’s downgrades Ocwen’s servicer ratings

Cites increased regulatory scrutiny and force-placed insurance concerns
Ben Lane
Moody's suggests that the scrutiny from the Securities and Exchange Commission and the New York Department of Financial Services "could restrict Ocwen's activities, levy monetary fines, or take additional actions that could negatively affect the company's financial strength and servicing stability."
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What's next for Fannie and Freddie?

FHFA proposes GSEs’ 2015-2017 housing goals
Brena Swanson
By the end of the year the Federal Housing Finance Agency will have to have a new set of housing goals for Fannie Mae and Freddie Mac. As a result, the agency is looking ahead and planning its housing goals for 2015 through 2017.
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Bank of America urges judge to toss “Hustle” case verdict

Case links to Countrywide mortgages
Brena Swanson
Bank of America asked U.S. District Judge Jed Rakoff in Manhattan to throw out a jury verdict finding it liable for fraud over defective mortgages sold by its Countrywide unit that resulted in a $1.27 billion penalty.
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Housing shouldn’t look at any color but the color of money

People with bad credit and bad habits should be squeezed out of housing
Trey Garrison
Minority borrowers are not being squeezed out of housing. People with bad credit and without down payments or the ability to repay are being squeezed out. And you know what? They should be.
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Washington Times picks up on discrimination, retaliation allegations at CFPB

Media recounts allegations from Congressional, GAO investigations
Trey Garrison
The Washington Times on Wednesday published a well-reported, well-written, detailed account of the allegations of racial discrimination, retaliation, mismanagement and hostility at the Consumer Financial Protection Bureau.
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Freddie Mac: Top 5 most improved housing markets

Despite weak market, still improving
Brena Swanson
While the housing recovery remains at a snail’s pace, it is still improving, with the markets that exhibit stronger local economies and favorable demographics on an even faster pace of improvement. And these 5 metros top the charts for most improved.
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