Tag archives for Credit Rating

Fannie Mae Asks Treasury for $5 Billion

Although government-controlled GSE Fannie Mae lost much less money in the second quarter of this year than the first (“only” $2.9 billion vs. $6.5 billion in the first quarter), the GSE has still requested an additional $5 billion from the U.S. Treasury, bringing the tally of taxpayer-funded support to $104.8 billion since the federal government assumed control of the entity. Read full article »

What the U.S. Credit Downgrade Could Mean For Real Estate

When Standard and Poor lowered the U.S. government’s credit rating for the first time even last Friday to AA+ from AAA, the agency said that the reasoning behind the move was not that the U.S. was unable to pay its debt but that Washington appeared unable to establish whether or not the country would pay its national debt. S&P blamed Read full article »

Smaller Credit Rating Agency Warns that U.S. Debt Downgrade Could Come Next Week

Although big credit ratings agencies like Moody’s and Standard & Poor are still issuing warnings that a downgrade on the United States’ sovereign debt rating could be coming, a smaller credit rating agency called Egan-Jones is warning that its downgrade could come as early as next week. While Moody’s and ilk are waiting on resolution on the debt ceiling issue Read full article »

Mortgage Applications are Up, Financing Volume is Down

The threat of rising interest rates sometime in the coming year appears to be spurring on mortgage applications this month. This week, mortgage applications increased 8.2 percent over the week prior, with the refinance index increasing 9 percent and hitting its highest level since mid-March. However, points out Michael Fratantoni, the Mortgage Bankers Association (MBA)’s vice president of research, that Read full article »

Core Assumptions About Mortgage Borrowers Breaking Down

These are strange times in the mortgage business. Bankers have long assumed that a mortgage borrower would do virtually anything necessary to stay in their home and avoid the stigma of foreclosure, including opting to withhold payment on other bills in order to stay current on their mortgage payments.  And for decades, this assumption has been correct. Not any more. Two big trends 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.