After Michael Blomquist, a San Jose real estate agent, shut down his offices in January 2004 because he was unwilling to participate in “felony mortgage fraud,” he devoted the majority of his time and resources to expose “a criminal conspiracy to turn the housing market into a giant Ponzi scheme.” Now, at least he gets to say “I told you Read full article »
Tag archives for Debacle
San Jose Real Estate Agent Closes Offices in 2004, Now Saying “I Told You So”
category: Real Estate News
tags: Blomquist, Borrowers, Conspiracy Theories, Criminal Conspiracy, Debacle, Dianne Feinstein, Federal Reserve, Housing Industry, Housing Market, Incomes, Killian, Miami Herald, Mortgage Fraud, Perfect Storm, Ponzi Scheme, Real Estate Agent, Regulators, San Jose Real Estate, San Jose Real Estate Agent, Vicious Attack
Why The AIG Bonus Debacle Is Critically Important To Real Estate Investors
This issue is of profound importance to real estate investors. Please read every word of this article right now. The current front page news is the bonuses totaling around $165 Million received by executives at the huge financial services company AIG. The reason there's such an uproar is because AIG has received approximately $170 Billion in bailout funds from the federal Read full article »
category: Real Estate News
tags: Aig, Anger, Bailout, Bonus, Congress, Contracts, Debacle, Democrat, Direct Investing, Execs, Federal Government, Financial Services Company, Front Page News, Investing Business, John Dingell, Money, Nature, Profound Importance, Real Estate Investors, Reason, Representative John Dingell, Uproar
Rumor Mill – Fannie And Freddie To Be Taken Over This Weekend
Persistent and reasonably well substantiated rumors suggest that the Federal Governmnet will fully take control of Fannie Mae and Freddie Mac, the two "Government-Sponsored Entities" that dominate the U.S. mortgage business. This is a huge and historic development, profoundly negative though it is. The ramifications of such a move are not yet known, though it seems quite likely that foreclosed Fannie/Freddie properties Read full article »
category: Real Estate News
Fannie Mae Debacle – The Best Analysis I’ve Seen
Wow. Jerry Bowyer of Benchmark Financial Network has placed the Fannie Mae debacle in a context and clarity that I could only dream of. Here's what he has to say about it: Feds Nearly Murdered Fannie I don't know much about Mr. Bowyer, but I think I could become a fan. Thanks for reading FreeRealEstateTraining.com! Read full article »
category: Real Estate News
Real Estate Investors: The Time Is Now
More very positive news about the housing market today: The National Association of Realtors announced today that pending sales of previously owned U.S. homes rose in April, despite the widespread expectation of a decline. In fact, Reuters surveyed a bunch of economists whose concensus was an expected decline of 0.5%. What ACTUALLY happened? Pending home sales INCREASED by 6.3%. My friend, that's a Read full article »
category: Main Content, 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.