In an effort to clear out the glut of unsold properties in today’s real estate market and prevent home values from continuing their downward spiral, the Obama administration is considering pulling foreclosed properties owned by Fannie Mae and Freddie Mac off the market and renting them out. This could, according to Credit Suisse analysts, ultimately help avert another 3-5 percent Read full article »
Tag archives for Federal Reserve Chairman
Government Considers Removing Foreclosed Homes, Renting Them Out
tags: Ben Bernanke, BEREL, Bryan Ellis, Bryan Ellis Real Estate Letter, carole vansickle, Credit Suisse, Draft, Fannie Mae, Federal Government, federal landlord, Federal Reserve, Federal Reserve Chairman, Foreclosed Properties, Foreclosure, Foreclosures, Freddie Mac, Gses, Obama, president obama, Real Estate, Real Estate Investing, Real Estate Investing News, Real Estate Investors, real estate investors news, Real Estate News, rental market, rental real estate
What Percentage Of Major Real Estate Markets Have Lost Value In The Past 5 Years?
There's a really interesting article on today's CNN Money Real Estate page that makes projections for the next year in the top 100 US real estate markets. In typical CNN fashion, this article is literally 3 months old, even though it's on the front page of their real estate section for today. Nevertheless, there's some really interesting and useful information Read full article »
category: Real Estate News
tags: Alan Greenspan, Chairman Alan Greenspan, Cnn, Cnn Money, Ebb And Flow, Farmington Hills, Federal Reserve, Federal Reserve Chairman, Federal Reserve Chairman Alan Greenspan, Former Federal Reserve Chairman Alan Greenspan, Fundamental Problem, Futures, Golden Nugget, Market Turmoil, Market Weakness, Moneys, Opportunistic Real Estate, Poor Economic Policies, Price Decline, Real Estate Investors, S Real Estate
Summary of the “Housing And Economic Recovery Act of 2008″ Part 2
As provided by the U.S. Senate. Also see Part 1 of Summary of the "Housing and Economic Recovery Act of 2008" B. Summary of the “HOPE for Homeowners Act of 2008" The “HOPE for Homeowners Act of 2008" creates a new, temporary, voluntary program within FHA to back FHA-insured mortgages to distressed borrowers. The new mortgages offered by FHA-approved lenders Read full article »
category: Uncategorized
tags: Bailout, Credit Markets, Distressed Loans, Economic Recovery Act, Federal Reserve Chairman, Federal Reserve Chairman Bernanke, Fha Approved Lenders, Fha Borrowers, Fha Insurance, Financial Institutions, Government Insurance, Hoard, Insured Mortgages, Owner Occupants, Program Oversight, Subprime Mortgages, U S Senate, Voluntary Participation, Voluntary Program, Windfall
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.