Thanks to falling property prices, banks that participate in mortgage, home-equity and commercial real estate lending are still under strain and will “continue to incur losses due to ongoing weakness in real estate markets,” testified senior associate director for the Federal Reserve bank supervision division Michael Foley. He made his statements yesterday before a subcommittee of the Senate Banking Committee. Read full article »
Tag archives for Community Banks
Banks Facing New Real Estate Losses
category: Mortgage News, Real Estate News
tags: banking regulation, banking trends, BEREL, Bryan Ellis, Bryan Ellis Real Estate Letter, carole vansickle, Community Banks, dodd-frank bill, Draft, fed bank supervision division, Federal Reserve, independent community bankers of america, lending, lending regulation, lending trends, michael foley, Mortgage, Mortgage Lending, Property Prices, Real Estate, Real Estate Investing, Real Estate Investing News, Real Estate Investors, real estate investors news, real estate markets, Real Estate News, sal marranca, Senate Banking Committee, wall street reform
“Foreclosure Realtor” Loving Investors Who Keep the Market Moving
In Savannah, Georgia, 11 community banks hold about $97.5 million in repossessed real estate, and they are keeping local real estate agents who specialize in foreclosure pretty busy. However, while you would probably expect this article to be about how that market is just barely pulling through, in reality the statistics on these REO properties are quite surprising. Contrary to Read full article »
category: Real Estate News
tags: 5 Million, Alternative Methods, Community Banks, Economic Strategy, Foreclosed Homes, Foreclosure Process, Foreclosures, Housing Market, Landlords, Lease Purchase, Local Real Estate, Local Realtors, Media Blitz, Prevalence, Real Estate Agents, Reo Properties, Repossessed Real Estate, Savannah Georgia, Slag, Wholesalers
Banks are Being Seized for Real Estate-Related Foreclosures: Maybe 30 Billion to Community Banks Will Help…
This past weekend, the FDIC shut down banks in both Nevada and Washington. Carson River Community Bank in Carson City, Nevada and Rainier Pacific Bank in Tacoma, Washington bit the dust late Friday, with Carson River’s deposits being assume by the Heritage Bank of Nevada and Rainier Pacific’s deposits being assumed by Umpqua Bank in Roseburg, Oregon. In both cases, Read full article »
category: Real Estate News
tags: 30 Million, Bailout, Billion Dollars, Billions Of Dollars, Carson City Nevada, Carson River, Commercial Loans, Community Bank, Community Banks, Contingency, Fdic, Heritage Bank Of Nevada, Intriguing Possibilities, Lawmakers, Loan Defaults, Rainier Pacific Bank, Residential Loan, Roseburg Oregon, Seizures, Small Business Administration, Tacoma Washington
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.