Tag archives for Delinquencies

4.3 Million New Delinquencies in the Market

According to a report from the Mortgage Bankers Association (MBA), 4.3 million “new” mortgage delinquencies are currently in the process of “serious delinquency” and/or foreclosure at this time. This does not count the roughly six-and-a-half million homes lost to foreclosure already since 2006. While these numbers do indicate that the market is slowly working through its serious problems, many of Read full article »

800 Days Of Rent Free Living

According to Ivy Zelman, a Swiss credit analyst, the average number of days before the foreclosure notice is filed on a home after the borrower stops paying his or her mortgage is 417, thanks to a huge foreclosure backlog that threatens to delay and stall many delinquencies indefinitely, potentially leaving the defaulting homeowner in their home. Add to that a Read full article »

Strategic Defaults are on the Way Up as Social Stigma Associated with Foreclosure Erodes

Strategic defaults, which occur when homeowners make a decision to stop paying their mortgages rather than finding themselves unable to do so, are on the rise, according to two independent studies by researchers at the University of Chicago and Northwestern University. Both studies indicate that in an increasing number of foreclosure scenarios, the problem is not that the homeowner cannot Read full article »

Summary of the “Housing And Economic Recovery Act of 2008″ – Part 3

As provided by the U.S. Senate.  Also see part 1 and part 2 of the Summary of the Housing and Economic Recovery Act of 2008 C. Summary of the “Foreclosure Prevention Act of 2008" The Foreclosure bill passed by the Senate on April 10 contains the following provisions designed to address the problems faced by families and their communities in light of 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.