If you'd like to review the complete text of the Housing And Economic Recovery Act of 2008 (PDF), be my guest! Thank you for Visiting FreeRealEstateTraining.com - be sure to get on our mailing list for more updates about this and other news and events important to real estate investors, brokers and other real estate professionals. Read full article »
Archives for July, 2008
Summary of the “Housing And Economic Recovery Act of 2008″ – Part 3
As provided by the U.S. Senate. Also see part 1 and part 2 of the Summary of the Housing and Economic Recovery Act of 2008 C. Summary of the “Foreclosure Prevention Act of 2008" The Foreclosure bill passed by the Senate on April 10 contains the following provisions designed to address the problems faced by families and their communities in light of Read full article »
category: Uncategorized
tags: Block Grant Funds, Declines, Delinquencies, Disinvestment, Downpayments, Economic Recovery Act, Families In Need, Fha Loan Limit, Fha Program, Fha Requirements, Fixed Rate Mortgages, Foreclosure Prevention, Foreclosures, Homeownership, House Values, Median Home Price, Modernization, Neighborhood Reinvestment Corporation, Prevention Act, U S Senate
Summary of the “Housing And Economic Recovery Act of 2008″ Part 2
As provided by the U.S. Senate. Also see Part 1 of Summary of the "Housing and Economic Recovery Act of 2008" B. Summary of the “HOPE for Homeowners Act of 2008" The “HOPE for Homeowners Act of 2008" creates a new, temporary, voluntary program within FHA to back FHA-insured mortgages to distressed borrowers. The new mortgages offered by FHA-approved lenders Read full article »
category: Uncategorized
tags: Bailout, Credit Markets, Distressed Loans, Economic Recovery Act, Federal Reserve Chairman, Federal Reserve Chairman Bernanke, Fha Approved Lenders, Fha Borrowers, Fha Insurance, Financial Institutions, Government Insurance, Hoard, Insured Mortgages, Owner Occupants, Program Oversight, Subprime Mortgages, U S Senate, Voluntary Participation, Voluntary Program, Windfall
Summary of the “Housing And Economic Recover Act of 2008″ Part 1
As provided by the U.S. Senate: A. Summary of the “Federal Housing Finance Regulatory Reform Act of 2008" This legislation strengthens and modernizes the regulation of the housing government-sponsored enterprises – Fannie Mae and Freddie Mac (the enterprises) and the Federal Home Loan Banks (FHLBs or Banks) – and expands the housing mission of these GSEs. In addition, it creates a Read full article »
category: Uncategorized
tags: Act 1, Civil Money Penalties, Conforming Loan Limit, Fannie Mae, Fannie Mae And Freddie Mac, Federal Home Loan, Federal Home Loan Banks, Federal Loan, Fha Loans, Finance Reform, Financial Regulators, Foreclosure, Freddie Mac, Government Sponsored Enterprises, Gses, Home Loan Banks, Housing Act, Independent World Class, Legislation, Lenders, Median House Prices, Mission Improvement, Product Offerings, Reform Act, Regulatory Reform, Sound Operations, Soundness Regulation, U S Senate, World Class Regulator
Fannie Mae Debacle – The Best Analysis I’ve Seen
Wow. Jerry Bowyer of Benchmark Financial Network has placed the Fannie Mae debacle in a context and clarity that I could only dream of. Here's what he has to say about it: Feds Nearly Murdered Fannie I don't know much about Mr. Bowyer, but I think I could become a fan. Thanks for reading FreeRealEstateTraining.com! Read full article »
category: Real Estate News
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.
Mortgage Industry News
Few things change more rapidly than the mortgage market, and with the increasing dominance of GSE's Fannie Mae and Freddie Mac over the mortgage business, it's more important than ever to keep up. Here are a few recent mortgage news updates:
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Mortgage News
- HAMP Success Tally Slowly Growing
- Western States Working Through Foreclosure Backlog Quicker than Eastern
- Biggest Down Payments in the Country Found in New Jersey
- President Bypasses Congress, Appoints Director of the Consumer Protection Bureau
- Federal Reserve Recommends Expanding GSEs to Turn Housing Market Around
- Mortgage Rates Likely to Remain Low for a While Longer
- Top Former FDIC, Wells Fargo Execs Say Fannie and Freddie Must Go
- FHA Continues to Extend Anti-Flipping Waiver
- More Homeowners Using Delaying Tactics to Slow Down Foreclosures
- Now that It’s Passed: The True Cost of the Payroll Tax Cut
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.