It appears that a substantial portion of the fund set aside as aid for the communities impacted by the BP oil spill will go toward helping out real estate brokers and agents in impacted areas, many of whom report not having made a single sale since news of the leak first broke. While claims on real estate and properties themselves Read full article »
Tag archives for Bp
$60 Million of the BP Oil Spill Fund to Go to Real Estate Brokers, Agents
category: Real Estate News
Louisiana Real Estate Stinking in Wake of Oil Spill
While the media focus these days appears to be on whether or not the oil dispersants BP used to make the oil spill less visible were appropriately administered, there is no question on the Louisiana beachfront that the oil was and is on location in full force. One year ago, Grand Isle, a beautiful tourist destination on the Louisiana Coast, Read full article »
category: Real Estate News
Luxury Short Sale Tidal Wave Predicted in Wake of Oil Spill
In December of 2009, CoreLogic announced that properties with mortgages of more than a million dollars in the balance were defaulting at nearly twice the rate of other U.S. homes. Now, thanks to the oil headed straight for the shores of southwest Florida, some experts are speculating that there is about to be a short sale free-for-all on high-end, coastal 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:
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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.