When California attorney general Kamala Harris left the negotiations table with the big banks earlier this fall, many people believed that the national coalition of state attorneys general that had been struggling to reach a settlement with big banks over fraudulent foreclosure activities would ultimately fail. “Without California’s participation, of course, the banks would never assent to a deal,” asserted Read full article »
Tag archives for bank settlement
Attorneys General Hope to Lure California Back into Foreclosure Settlement
tags: apartment staging, attorney general settlement, bank fraud, bank lending, bank settlement, BEREL, Bryan Ellis, Bryan Ellis Real Estate Letter, california ag, carole vansickle, Dollar, Draft, Economics, Economy, euro, Fannie Mae, Federal Housing Administration, Fha, fha audit, Foreclosure, foreclosure news, Foreclosures, Freddie Mac, good housing markets, Gse, Gses, homestaging, Housing Market, housing market news, housing market trouble, Housing Recovery, Investing, Investing Business, investing course, Investing Education, investing news, Investing Tips, kamala harris, lending, lending news, lending trends, loan fraud, loan limits, Market News, Mortgage, Mortgage News, Mortgages, multifamily housing, Real Estate, real estate 101, Real Estate Course, real estate economics, real estate education, Real Estate Investing, Real Estate Investing Course, Real Estate Investing News, real estate investing resources, Real Estate Investing Tips, Real Estate Investors, real estate investors news, Real Estate Market, real estate market news, Real Estate News, Rental Property, rental sector, Staging, Stock Markets, Stock News, underwater homes, underwater housing, Va Loans, Veterans Loans
Robo-Signing Dates Back to the 1990s
As robo-signing investigations continue on county, state and national levels, it is becoming increasingly apparent that the questionable mortgage paperwork practice probably dates back decades and could affect paperwork on homes sold in the 1990s. With courts invalidating mortgage papers in an effort to punish lenders and prevent unfair foreclosures, banks are slowing their foreclosure processes and buyers are hesitating Read full article »
tags: bank settlement, BEREL, Bryan Ellis, Bryan Ellis Real Estate Letter, carole vansickle, chain of title, clear title, Draft, Foreclosure, Foreclosures, Housing Market, housing market news, insurable title, invalid foreclosure, Real Estate, Real Estate Investing, Real Estate Investing News, Real Estate Investors, real estate investors news, Real Estate Market, real estate market news, Real Estate News, robo signing, Robo-signer
New York Congressional Delegation Expresses Concern Over AG’s Removal
In light of New York attorney general Eric Schneiderman’s recent expulsion from the executive committee of AGs negotiating a settlement with several major lenders over last year’s robo-signing fiasco and other issues of alleged loan and foreclosure fraud, the congressional delegation from New York is warning that a “dangerous precedent” is being set by Iowa AG Tom Miller and his Read full article »
tags: bank settlement, BEREL, big banks, Bryan Ellis, Bryan Ellis Real Estate Letter, carole vansickle, Draft, eric schneiderman, Foreclosure, foreclosure news, foreclosure settlement, Foreclosures, Housing Market, housing market news, iowa ag, Iowa Attorney General, iowa foreclosure, New York, new york attorney general, new york congressional delegation, new york foreclosures, Real Estate, Real Estate Investing, Real Estate Investing News, Real Estate Investors, real estate investors news, Real Estate Market, real estate market news, Real Estate News, rew york real estate, Tom Miller
HUD, Justice Department Bring Pressure to Contrary Attorneys General
If you live in New York, Nevada, Massachusetts or Delaware, then you can rest assured that your attorney general is pretty steamed about the robo-signer crisis. So steamed, in fact, that they are doing everything possible to prevent the current proposed settlement with the nation’s biggest lenders from happening. A lot of people support this reluctance to cave in and, Read full article »
tags: Attorney General, attorney general probe, Bank Of America, bank settlement, beau biden, BEREL, big bank settlement, Bloomberg, Bryan Ellis, Bryan Ellis Real Estate Letter, carole vansickle, catherine masto, delaware, delaware attorney general, delaware real estate, Draft, eric schneiderman, Foreclosure Fraud, foreclosure fraud settlement, fraud investigation, Housing And Urban Development, Housing Market, housing market news, Hud, Justice Department, Martha Coakley, Massachusetts, massachusetts attorney general, massachusetts real estate, nevada, nevada attorney general, Nevada Real Estate, New York, new york attorney general, New York Real Estate, principal reductions, Real Estate, Real Estate Investing, Real Estate Investing News, Real Estate Investors, real estate investors news, Real Estate Market, real estate market news, Real Estate News, robo signer settlement, Robo-signer, shaun donovan
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.