Unemployed homeowners will soon be able to access $3 billion in aid to help them make their mortgage. The administration will be providing $2 billion in funds to the Housing Finance Agency Innovation Fund for the Hardest Hit Housing Markets, and HUD will complement that with $1 billion more from the Emergency Homeowners Loan Program. Homeowners can qualify for assistance Read full article »
Tag archives for Circumstance
Additional $3 Billion to be Made Available to Unemployed Homeowners
category: Real Estate News
tags: 1 Billion, Circumstance, Disability, Emergency Loan, Facing Foreclosure, Heart In The Right Place, Homeowners Loan, Housing Finance Agency, Hud, Initiative, Innovation Fund, Involuntary Unemployment, Loan Program, Medical Condition, Mortgage Assistance, Substantial Reduction, Underemployment, Vague Description
America Speaks – Less Than 1/4 Want Government Mortgage Help
One of my favorite sources of up-to-date public opinion information is Rasmussen Reports by pollster Scott Rasmussen, and an article in today's edition really caught my attention. According to Rasmussen's polling, only 23% of the public believes that if a person can't pay their mortgage, it is better for the government to assist in making payments. You'd think, based on the way Read full article »
category: Real Estate News
Countrywide Loan Modifications: Not So Fast
Countrywide Home Loans, who used to be the largest home mortgage lender before being acquired by Bank of America, reached a settlement agreement with several state's Attorneys General regarding their huge pool of subprime loans. One of the tenets of that agreement is that Countrywide will proactively modify 400,000 loans to more "reasonable" terms. But that's easier said than done. According to Read full article »
category: Real Estate News
tags: Attorneys General, Bank America, Bank Of America, Boa, Circumstance, Contract Law, Contracts, Countrywide Home Loans, Countrywide Loan, Countrywide Loans, Fast Loans, Home Mortgage Lender, Investors, Money, Pool, Pool Loans, Realestate, Settlement Agreement, Subprime Loans, Tenets, William Frey
Foreclosure Victims: Their Top Questions & Concerns
With foreclosures at epidemic levels right now, there's more opportunity than ever. Problem is, most investors use the same old tired, worn out tools to attract the unfortunate home owners facing that circumstance. As a result, more properties are hitting the auction block than necessary, and investors are missing out on thousands of excellent opportunities. I can do something to help, Read full article »
category: Uncategorized
Real Estate Market: Hard Numbers Are Hard To Deny
If you'd like to see some hard numbers to demonstrate the revitalization of the U.S. real estate market, you're in the right place. The Philadelphia Stock Exchange manages a stock index called the Housing Index (symbol HGX). The housing index is calculated based on the market value of 20 of the largest home builders across the United States. To be certain, this Read full article »
category: Main Content
tags: Banks, Case Shiller Index, Circumstance, Current Value, Fannie Mae, Fannie Mae And Freddie Mac, Fdic, Freddie Mac, Hgx, Hgx Index, Home Builders, Improvements, Index Symbol, Interesting Facts, Lagging Indicator, Leading Indicator, Lenders, Negative News, Philadelphia Stock Exchange, Real Estate Market, Real Estate Values, Regulatory Intervention, Revitalization, S Real Estate, Skeptic, Stock Index, Stock Market
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:
-
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.