Yesterday, Old Republic National Title, one of the biggest title insurance companies in the country, announced that it will no longer insure titles for two of the United States’ biggest lenders, JP Morgan Chase and GMAC/Ally. Both lenders have recently placed moratoria on their foreclosures, preforeclosures and some REO property sales as they investigate whether affidavits of foreclosure that were Read full article »
Tag archives for Bad News
Old Republic National Title Announces It Will No Longer Insure Chase, GMAC/Ally
category: Real Estate News
Bulk Residential REO Ready to Go
A recent panel of residential and commercial experts discussing a variety of market-related activities concluded that bulk REO investing is hovering on the verge of something big. The panel, which agreed that members would have expected large-scale REO liquidation prior to this point in time, believed that when loan modifications are exhausted, the current level of active bulk REO investors Read full article »
category: Real Estate News
tags: Bad News, Banks, Commercial Experts, Deluge, Different Ways, Flood, Influx, Investing, Large Scale, Lenders, Leverage, Liquidation, Lookout, Market Outlook, Mini Bulk, Necessary Capital, Panelists, Point In Time, Profitable Strategy, Real Estate Investors, Reo Property, Shadow Market, Taking Steps, Verge, Wholesalers
The “New Normal” – Soft Tyranny Threatens The Real Estate Market
I implore you to read every word of this article. It's a quick read, and you might be tempted to think it's not relevant to the real estate business. But if you'll hang with me, I assure you you'll see the very clear connection. This is really important information. There's been a lot of talk in the main-stream media and other Read full article »
category: Editorial
tags: Allies, American People, Association Of Realtors, Bad News, Bank Repossessions, Cl, Cnbc, Common Sense, Economic Approach, Economic Measures, Economic Policies, Economy, Estate Business, Foreclosures, Lot, Main Stream, National Association Of Realtors, Norm, Pertinent Facts, Polls Show, Presidency, Private Lenders, Real Estate Market, Real Estate Professionals, Realities, Realty Check, Realty Trac, Repossessed Properties, Rhetoric, Stream Media, Tyranny, Unemployment
Stealth Deficiency Judgments
Bad news, my friends: A lender isn't the only entity that can pursue a deficiency judgment in the case of a foreclosure. Your private mortgage insurance provider can seek a judgment against you too - even if the lender has agreed not to pursue it. Here's how it works: You're the owner of an underwater property, and you decide to just Read full article »
category: Real Estate News
Foreclosures Drop in January – but not really…
RealtyTrac tells us that foreclosures fell in January compared to December. Good news? Not so fast... For several years, January foreclosures have been lower than December, so this is not necessarily an indicator of a reversal in the foreclosure problem in America. Furthermore, January's foreclosure rate was 15% lower than it was last January, which is simply astounding and not a 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:
-
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.