Tag archives for brian moynihan

Bank of America Could Lay Off 40,000

Bank of America is back in the news. This time, they’re thinking of making a major contribution to the nation’s unemployment numbers with a restructuring plan that could eliminate as many as 40,000 jobs in the first phase alone. In August, BofA CEO Brian Moynihan warned of coming cuts, but predicted less than a tenth of this new projection. Moynihan Read full article »

Bank of America to Sell Half of Stake in China Construction Bank Corp.

In an effort to “raise cash and shore up its capital base,” Bank of America is selling off half of its stake in the China Construction Bank Corporation for $8.3 billion anonymous investors. The total stake sold will be 13.1 billion shares and will generate a gain of $3.3 billion for BofA. This news follows on the heels of a Read full article »

Poll Predicts Bank of America Stock to Bottom Out at $5

According to The Street, a digital financial media company, a recent poll indicates that 31 percent of participants believe that Bank of America shares will bottom out at five dollars a share, while 28 percent believe shares will fall to three dollars and 10 percent believe that “the bank’s equity holders will be wiped out”. Less than a third of Read full article »

National Home Equity Levels Nearing Record Lows

When it comes to affordability, the housing market has never looked better for many people. However, if you are looking for equity then things have not looked so bleak since World War II. As a residential “double dip” in the market becomes a reality, Robert Schiller, co-founder of S&P Case-Schiller index, predicted that property values could decline from 10 to Read full article »

State Attorneys General Urge BofA Exec to Be a Leader

In light of ongoing talks dealing with the resolution of mortgage servicing concerns and fallout from the robo-signer debacle last fall, state attorneys general decided yesterday to take Bank of America chief executive Brian Moynihan to lunch. Despite the innocuous sound of boxed lunches and an afternoon meeting on financial reform, however, what they really wanted to do was “urge 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.