According to the U.S. Census Bureau, slightly less than two-thirds of the American population own their own home today. 65.9 percent of the country reported owning a home, but Morgan Stanley analysts argue that the number is much lower – more like 59.2 percent once borrowers who have delinquent mortgages but have not yet lost their homes are factored in. Read full article »
Tag archives for Delinquent Mortgages
Homeownership Hits 1965 Levels
tags: BEREL, Bryan Ellis, Bryan Ellis Real Estate Letter, carole vansickle, Census, Census Bureau, Delinquent Mortgages, Draft, Home Ownership, Home Values, Homeownership, homeownership levels, Housing Market, Housing News, Morgan Stanley, Real Estate, Real Estate Investing, Real Estate Investing News, Real Estate Investors, real estate investors news, Real Estate News, squatters, us census bureau
More than 6.5 Million Mortgages Now Past Due
According to a report from Lender Processing Services, more than 6.5 million mortgages are now past due or in foreclosure. The 6,538,000 mortgages throughout the country that are now delinquent represents an increase of around 190,000 delinquencies since June 2011 and 16 percent of the roughly 40 million mortgages in the country. Interestingly, only a little under 270,000 of those Read full article »
tags: BEREL, Bryan Ellis, Bryan Ellis Real Estate Letter, carole vansickle, Delinquency Rates, delinquent mortgage, Delinquent Mortgages, Draft, Foreclosure, foreclosure attorney, Foreclosures, lender processing services, lending, lending trends, lps, Mortgage, Mortgages, Real Estate, Real Estate Investing, Real Estate Investing News, Real Estate Investors, real estate investors news, Real Estate News
Average Foreclosure Timeline 587 Days
Foreclosure processing timelines are just getting longer, with the average loan in foreclosure today delinquent by 587 days. And while the number of actual foreclosures is down, the number of loans in foreclosure or “seriously delinquent” (more than 90 days past due) has been reported as up 12.8 percent over last year, though it should be noted that this number Read full article »
tags: BEREL, Bryan Ellis, Bryan Ellis Real Estate Letter, carole vansickle, Delinquent Loans, Delinquent Mortgages, Draft, Foreclosure, Foreclosure Process, foreclosure timeline, Foreclosures, Real Estate, real estate economy watch, Real Estate Investing, Real Estate Investing News, Real Estate Investors, real estate investors news, Real Estate News, seriously delinquent
Foreclosure Filings Drop Nationwide – Lowest Since 2008
According to RealtyTrac, foreclosure filings dropped 14 percent month-over-month from January 2011 to February. This includes default notices, scheduled auctions and bank repossessions, and is a 27 percent year-over-year decline nationwide. Of course, there are some areas that are exceptions, such as Seattle, which had a 69.7 percent year-over-year increase, creating an isolated foreclosure trend in the area while most Read full article »
tags: BEREL, Bryan Ellis, Bryan Ellis Real Estate Letter, carole vansickle, Delinquent Mortgages, Draft, Foreclosure, foreclosure filings, Foreclosure Real Estate, foreclosure trends, Foreclosures, james sacaccio, judicial foreclosure, low foreclosure filings, Mortgage, mortgage trends, Mortgages, non judicial foreclosure, Real Estate, real estate education, Real Estate Investing, real estate investing education, Real Estate Investing News, Real Estate Investing Tips, Real Estate News, real estate tips, Realty Trac, Realtytrac, seattle foreclosures, seattle mortgages, seattle real estate market, washington foreclosures, Washington Real Estate, washington state foreclosures, washington state real estate
Majority of Homeowners Opting Out of Loss Mitigation Entirely
While the news is full of climbing short sale rates and the “success” of the myriad federal programs in place to help homeowners deal with the housing crisis, a new report from the State Foreclosure Prevention Working Group (SFPWG), a group that compiles and analyzes information from state attorneys general and bank supervisors around the country, indicates that fully 60 Read full article »
category: Real Estate News
tags: Bank Supervisors, Delinquent Loans, Delinquent Mortgages, Forbearance, Foreclosure Prevention, Foreclosures, Hundreds Of Thousands, Loan Modification, Loss Mitigation, Lot, Mainstream, Point In Time, Principal, Real Estate, Recruiting, Six Months, State Attorneys, Success, Two Thirds, Working Group
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.