Tag archives for Bank Of America

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 »

Cold, Hard Numbers: 1.1 Million

1.1 million: Number of Bank of America home loans 60 days delinquent or worse that must be sorted and categorized before any action can be taken by the lender. BofA is considering renting some of these properties back to the current owners after foreclosure. Read full article »

Market News: Survey Indicates Women Control Wealthy Households’ Philanthropic Decisions

In this season of giving, charities are getting a wakeup call about just who in high-net-worth households is writing the checks and why they write them. According to a recent Bank of America/Merrill Lynch survey, in almost all high-net-worth households (90 percent), women are either equal partners or the sole decision-makers when it comes to that household’s charitable giving. High Read full article »

Lenders Concerned Over Foreclosure-Prevention Buybacks

Envision this scenario: Your home is underwater and you are not making payments. You’re heading toward foreclosure. Fortunately you find an entity that will buy your home basically as a short sale – for less than you owe on the mortgage. The deal is done, and then that entity sells the property back to you at market value, holding the note Read full article »

North Carolina State Supreme Court Determines Paperwork Requirements for Foreclosure

So many foreclosure cases have been processed without original paperwork in the last few years that the state of North Carolina has taken the issue all the way to the state supreme court. Last week the court heard testimony from attorneys representing Wells Fargo and homeowner Linda Dobson, who is facing foreclosure. Dobson is arguing that Wells Fargo cannot foreclose 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.