Archives for By the Numbers

Cold, Hard Numbers: 1.56

The percentage of all housing units in the country that received a foreclosure filing last month. This comes to one unit out of every 634 housing units in the country. Analysts predict that lenders will actually increase foreclosure activity in the coming months in an effort to clear out the foreclosure pipeline. Should this trend continue, foreclosure prices will likely Read full article »

Cold, Hard Numbers: 20

The percentage down payment on a loan proposed by federal regulators from the FDIC, the U.S. Treasury, HUD, the Federal Reserve, the SEC and the FHA. Lenders have protested that requiring this much of a down payment would “suffocate” the housing industry because borrowers will simply be unable to come up with that large a sum of money. Read full article »

Cold, Hard Numbers: 0

0: Amount that Freddie Mac is factoring in credit score for refinancing. In early January the GSE announced that it would eliminate the minimum credit score requirement for borrowers wanting to refinance (it used to require a minimum score of 620). However, Freddie is still requiring at least 20 percent equity in the home. Fannie Mae recently removed the requirement Read full article »

Cold, Hard Numbers: 26

The number of pages in a white paper sent by the Federal Reserve to Congress recommending “more aggressive action” to prevent home values from falling further. The Fed suggested several options to address the problem, including allowing the federal government to rent out foreclosed homes (possibly back to the families in foreclosure) and loosening lending requirements in order to move Read full article »

Cold, Hard Numbers: 82

The percentage of overall mortgage applications in the final week of 2011 that were applications for refinancing according to the Mortgage Bankers Association (MBA). This was the highest refinance share in 2011, and the MBA believes that homeowners may have been trying to get their loans approved before the fees on GSE loans and mortgage insurance premiums for FHA loans Read full article »

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The Politics of Real Estate

Few industries are as profoundly impacted by the political machinations in Washington as the real estate industry. Whether it's old legislation like Jimmy Carter's Community Reinvestment Act or Barack Obama's massive mortgage bailouts, the U.S. political machine has a huge impact (usually bad) on the business of real estate.

Ideally, we could ignore politics. But here at the Bryan Ellis Real Estate Letter, we insist on seeing the world with clarity - including the reality of Washington's aggressive involvement in every facet of our business, from mortgage lending to real estate sales license; from loan modification regulations to appraisal requirements... every piece of our business is profoundly impacted by politics. So rather than stick our heads in the sand and ignore reality, readers of the Bryan Ellis Real Estate Letter choose to be informed and prepared.

About Bryan Ellis

Bryan Ellis is an Atlanta-based real estate analyst and publisher of the widely read newsletter "The Bryan Ellis Real Estate Letter". With over 200,000 subscribers - including real estate investors, agents, brokers, appraisers and other real estate professionals - the Bryan Ellis Real Estate Letter is among America's largest sources of unbiased coverage of politics and public policy for the real estate industry.

Bryan Ellis serves as editor in chief for the Bryan Ellis Real Estate Letter and is assisted by an extraordinary staff of writers, researchers and editors who are each real estate experts in their own right and who assure that the news we report is well researched, factual, and highly relevant to today's real estate industry.

Bryan is very happily married and has two wonderful daughters. He makes his home in the suburbs of Atlanta, Georgia. You can contact the team at the Bryan Ellis Real Estate Letter here.