Archives for Foreclosure News

More than Half of All Homeowners Say Homes are Worth More Today than at Time of Purchase

Despite all the negative media coverage in the real estate market, more than half of all homeowners not only say that they are confident that they know the value of their homes but also emphasize that the properties are worth more now than when they bought them. According to a national Rasmussen telephone survey, most homeowners are “confident” that they Read full article »

Mortgage Rates Likely to Remain Low for a While Longer

Thanks to the Federal Reserve’s promise to keep interest rates low through 2013, mortgage rates will likely remain relatively low as well in the coming months. However, say analysts, if you want to take advantage of the record-low rates that closed out 2011, it would behoove you to get a move on. Forecasts indicate that while “rates will still be Read full article »

Cold, Hard Numbers: 210,000

210,000: The number of alleged victims who may be eligible for a payout from Bank of America’s $335 million fair-lending settlement with the Justice Department. Although BofA has settled with the JD for Countrywide’s alleged steering of borrowers to more costly mortgages that they could not afford, borrower advocates warn that “It’s going to be really difficult to find those Read full article »

Top Former FDIC, Wells Fargo Execs Say Fannie and Freddie Must Go

The retired chairman and CEO of Wells Fargo and the former chairman of the FDIC are making no more bones about it: the say that Fannie Mae and Freddie Mac caused the housing crisis and that the two now-federal entities have got to go. Richard M. Kovacevich, former CEO of Wells Fargo, and William M. Isaac, former FDIC chairman and Read full article »

FHA Continues to Extend Anti-Flipping Waiver

With little fanfare, the Federal Housing Administration (FHA) extended its “anti-flipping waiver” through the end of 2012 with the hopes of “accelerat the resale of foreclosed properties in neighborhoods struggling to overcome the possible effects of abandonment and blight”. The FHA’s anti-flipping legislation took effect in 2003 and was intended to slow home-flipping during the housing boom. According to the 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.