Tag archives for bank of america mortgage

Bank of America, Wells Fargo Out of Reverse Mortgage Business

Last week, Wells Fargo announced that making reverse mortgages would no longer be feasible thanks to changes in the economy. It was the second major lender to leave that sector of the mortgage business – the first being Bank of America. With these two lenders out of the game, that puts 43 percent of the reverse mortgage business up for Read full article »

Bank of America Exits Reverse Mortgage Market

Due to “competing demands and priorities that require investments and resources be focused on other key areas of…business,” Bank of America has announced that it will be pulling out the reverse mortgage origination business. The decision follows in the wake of much bad press from around the country as BofA finds itself under attack in many states questioning the care Read full article »

Real Estate Scam of the Day: Stolen Mortgage Payments in Nevada

If you receive a letter telling you that your mortgage servicer has changed and instructing you to send payments to a different address, check in with your old servicer before making the move. You could be the victim of a scam that could put you in foreclosure. In Nevada, two men have been arrested for such a scam. Joseph Yorkus Read full article »

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.