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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Articles by Trey Garrison

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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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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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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Title insurance premium volume in 2Q dropped 16.6% YOY

Industry generated $2.7 billion in 2Q2014 versus 2Q2013
Trey Garrison
Title insurance premium volume declined 16.6% during the second quarter of 2014 when compared to the same period a year ago, according to American Land Title Association, a trade association for the industry.
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FICO changes could mean more credit access, MGIC says

More programs available for borrowers on the margin
Trey Garrison
FICO scores will ignore debts that have been paid off or settled, and a lesser weight will be assigned to medical bill collections, which account for about half of all unpaid collections on consumers’ credit reports, according to a note from MGIC.
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Banks agency MBS holdings decline in second quarter

Barclays client note shows biggest gainers and decliners
Trey Garrison
The National Information Center has released consolidated financial statements for bank holding companies for the second quarter, according to a client note from Barclays, showing agency MBS holdings decreased by $4 billion for the top 50 banks by assets in their HTM and AFS portfolios.
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Watch a HousingWire writer do the ALS challenge with tomato soup

All because today's upward 2Q GDP revision was "unexpected"
Trey Garrison
It was an morning of unexpected surprises -- an upwardly revised GDP, and a Campbell's tomato soup shower.
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BEA says GDP grew at 4.2% in second quarter

Revision upward comes from nonresidential fixed investment
Trey Garrison
Real gross domestic product – the output of goods and services produced by labor and property located in the United States – increased at an annual rate of 4.2% in the second quarter of 2014.
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