Tag archives for Fha Loan

Officials Blame Low Cost of TARP on Foreclosure Prevention Failure

A congressional panel reported yesterday that the Troubled Asset Relief Program (TARP)’s final cost will “be less than expected, in part because it will accomplish far less than envisioned for American homeowners.” Had the government done enough to prevent foreclosures instead of paying “a heck of a lot more attention Wall Street” then the bill would have been closer Read full article »

House Nixes FHA Short Refi Program

In a 256 to 171 vote yesterday, the U.S. House of Representatives passed the FHA Refinance Program Termination Act (HR 830). Ultimately, one Republican voted against the bill and 18 Democrats voted for it, with the vote otherwise split along party lines with Republicans supporting and Democrats against the move. While the bill did make it through the house, most Read full article »

Adjustable Rate Loans on the Rebound

Although they got a pretty bad name following the real estate crash in 2008, adjustable rate loans are making a comeback for buyers who want super-low rates and feel that 5 percent is just too high for their needs. Historically, buyers who invest in properties using adjustable rate mortgages (ARMs) have tried to sell or refinance before the adjustable rate Read full article »

Mortgage Regulation and Legislation Set to Raise Costs and Reduce Homeownership

As the U.S. Congress struggles with overhauling the mortgage lending and securities system, both sides of the aisle are backing legislation that will ultimately render mortgages more expensive to maintain and more difficult to obtain. Of course, in light of the past few years’ fallout when getting a mortgage was as easy as signing a name – any name, in Read full article »

Jumbo Loan Limits to Expire in December

If Congress does not extend support of higher loan limits on Jumbo loans quickly, borrowers might have to face “the more stringent standards of private lenders in order to qualify for financing on pricier homes” in the coming months as lenders prepare for the shift downward in the outdated loan limits Fannie Mae, Freddie Mac and the FHA are currently Read full article »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.