While you have probably heard the saying that it costs more to own than to rent, the numbers from the 2009 Census dispute this commonly accepted axiom. In fact, according to USA Today, “more renters found housing unaffordable” than homeowners, who enjoyed relatively “stable” housing affordability. This analysis comes as a result of census statistics that indicate that more than Read full article »
Tag archives for 1 Million
Renters Spend More on Housing than Homeowners
category: Personal Finance Tips, Real Estate News
tags: 1 Million, Axiom, Census Dispute, Census Information, Census Statistics, Commercial Sector, Decline, Fence, Harvard, Home Foreclosures, Homeownership, Household Income, Housing Affordability, Housing Costs, Housing Studies, National Economy, Poor Job, Real Estate Investors, Research Analyst, Usa Today
Government is Holding 46% of All REO Property Nationwide
According to Radar Logic, the federal government is currently holding about 46 percent of the entire body of REO properties in the country. This includes properties held by Fannie Mae, Freddie Mac, HUD and VA loans. The company also predicts that due to a glut of “non-performing” homes that are not yet in foreclosure but clearly headed that way, the Read full article »
category: Real Estate News
Timothy Geithner Lets HAMP Have It
Last week, Timothy Geithner laid into mortgage servicers participating in HAMP during prepared comments before the Senate Subcommittee on Financial Services. “I want to be clear,” he said, “that we do not believe servicers are doing enough to help homeowners, not doing enough to help them navigate the difficult and often frightening process of avoiding foreclosures.” He then went on Read full article »
category: Real Estate News
Bulk REO’s – How The “Little Guy” Can Make It Work Instantly…
I'll make this quick, because I know you're busy and so am I. I have a well-known and highly regarded friend who runs a very successful New York hedge fund. (He's been interviewed by Investor's Business Daily, Wall Street Journal, etc.) Unlike many other hedge funds, this one is experiencing significant growth and great success due to a very unique business Read full article »
category: Main Content, Real Estate News
tags: 1 Million, 50 Million, Asset Value, Business Daily, Business Model, Debt Fund, Debt Funds, Distressed Assets, Distressed Debt, Foreclosure, Good Deals, Hedge Fund, Hedge Funds, Investor Daily, Investor S Business Daily, Lenders, Lot, Money, Mortgages, Newbies, Package Deals, Proof Of Funds, Purchase Negotiations, Real Estate Investor, Real Estate Investors, Reo, Reo Properties, Reo Property, Trainees, Wall Street, Wall Street Journal
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.