Market shift: HSBC offloads huge REO portfolio to Altisource

How to get a mortgage right now, even with bad credit

HUD, FHA programs abound for those hit by the recession

America’s housing not ready for ever-expanding over-50 population

Harvard/AARP Study: Housing lacks accessibility for boomers
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Articles by Trey Garrison

HUD’s Castro keynotes Bipartisan Policy Center housing summit

New secretary to bring focus on affordability, housing challenges
Trey Garrison
The new Housing & Urban Development secretary will be keynoting the Bipartisan Policy Center’s 2014 Housing Summit, Housing America’s Future: New Directions for National Policy.
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How to get a mortgage right now, even with bad credit

HUD, FHA programs abound for those hit by the recession
Trey Garrison
Let’s be honest, there’s a better than even chance that the average American has a FICO score that is, how to put it nicely, suboptimal. That doesn't mean they can't get a mortgage.
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FHFA changes to FHLBs would devastate REIT membership

FHFA director proposes ongoing stake, more stringent definitions
Trey Garrison
The Federal Housing Finance Agency is proposing a new rule that would revise the requirements for financial institutions to apply for and retain membership in one of the 12 Federal Home Loan Banks, and dial real estate investment trusts out.
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Construction spending in July jumps the most in two years

Public, nonresidential spending fuel the bulk of growth
Trey Garrison
Construction spending during July 2014 was estimated at a seasonally adjusted annual rate of $981.3 billion, 1.8% above the revised June estimate of $963.7 billion and the biggest jump in two years.
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America’s housing not ready for ever-expanding over-50 population

Harvard/AARP Study: Housing lacks accessibility for boomers
Trey Garrison
Americans are living longer and the country doesn’t have nearly enough appropriate housing to support them, according to a new report by the Harvard Joint Center for Housing Studies and AARP Foundation.
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Home price growth slows to 21-month low

CoreLogic: July gains just 7.4%
Trey Garrison
Home prices nationwide, including distressed sales, increased 7.4% in July 2014 compared to July 2013, according to the July report from CoreLogic – a significant slowdown that continues the long-term trend and a 21-month low.
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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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