According to The New Bottom Line (NBL), a new national campaign that recently released data indicating that the United States could pump billions into the economy by making mortgage write-downs mandatory, Hawaii stands to gain some serious economic momentum if the state will write down every underwater mortgage within its borders. In fact, NBL says that the Hawaiian economy alone Read full article »
Tag archives for Economic Recovery
Hawaiian Jobs Market Stands to Benefit from Underwater Mortgage Write-Downs
Data Firms Predict Earliest Housing Recovery to Come in 2013
Although reports earlier this year projected that the housing market might start to make a slow but significant recovery sometime in 2012, the “recent spate of bad economic news that has been making headlines over the past several weeks” has quashed that hope, according to Fiserv/Case-Schiller Indexes. Now, the recovery likely will not occur until “well into the first quarter Read full article »
FDIC Shuts Down Three More Lenders
Over the past weekend the Federal Deposit Insurance Corporation (FDIC) shut down three more lenders – two in Florida and one in Colorado. This brings 2011’s tally of failed banks to 58. Both Florida lenders were acquired by American Momentum Bank, while Bank Midwest used an FDIC-assisted transaction to acquire Colorado’s Bank of Choice. That transaction is projected to cost Read full article »
Sheila Bair Retires, Blames Real Estate for Financial Crisis
In her last statement as chairman of the Federal Deposit Insurance Corporation (FDIC), Sheila Bair emphasized the importance of keeping focus on real estate, crediting not only the financial crisis, but also the slow economic recovery to “the fact that so many residential and commercial properties are currently underwater”. She added that “signs of recovery remain elusive” and that she Read full article »
What the End of QE2 Could Mean for You
In June, something called QE2 is set to end, and most real estate investors do not even know it. However, this government strategy, called “the Titanic” by some economists, plays a major role in our market and will, at a minimum, impact interest rates and lending when it is no longer in effect. In this article, we will explain and 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.
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.
