Articles by Trey Garrison

Here’s how TRID is reshaping title companies

Disclosure, accuracy requirements present challenges
It’s now almost a month since the TILA-RESPA Integrated Disclosure rule went live, and the effects are being felt up and down the pipeline across a variety of services and specialties in the mortgage finance industry. This week we look at the title space. Read on.
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Calling it: There won’t be a rate hike this week

The economy’s one golden goose is starting to lay lead eggs
I’m not exactly going out on a limb here with a wild bet, but I’m going to go ahead and call it that the Fed won’t be raising interest rates this week. They just don't have the will, even though they have to get it done sometime.
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House will vote this week on measure to limit CEO pay at Fannie, Freddie

Senate version of bipartisan bill passed unanimously
A congressional push to limit the salaries for the CEOs of Fannie Mae and Freddie Mac moves closer this week when the House version of a bill that already passed the Senate unanimously goes to the House floor for a vote. There's little reason to expect it won't have an easy landing, but then it goes to the White House.
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New home sales collapse 11.5% in September

Northeast region hit hardest on annual and monthly basis
Sales of new single-family houses in September 2015 cratered to a seasonally adjusted annual rate of 468,000. The northeast was the hardest hit with a giant decline, but all four housing market regions saw declines from August. Here's more.
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Home prices rise 0.3% in August, up 5.6% since January

National HPI just 5.3% off June 2006 peak
Home prices were up 0.3% for the month, according to the August house price index from Black Knight Financial Services. This puts national home prices up 5.6% since the beginning of the year and 27% since the bottom of the market at the start of 2012.
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CoreLogic: Cash sales share drops to 9-year low

Investors still seek opportunities in key markets
Cash sales made up 30.8% of total home sales in July 2015, down from 34.2% in July 2014, according to CoreLogic. At this pace they could hit just 25% by mid-2017. Here's the breakdown and where there are still investor opportunities.
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