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 »
Tag archives for Foreclosed Homes
4.3 Million New Delinquencies in the Market
category: Mortgage News, Real Estate News
tags: BEREL, Bryan Ellis, Bryan Ellis Real Estate Letter, carole vansickle, Delinquencies, delinquent mortgage, Distressed Property, Draft, Foreclosed Homes, foreclosed real estate, Foreclosure, Foreclosures, Home Values, housing cycle, Housing Market, lender, Lenders, lending, Mba, Mortgage Bankers Association, mortgage delinquency, Real Estate, Real Estate Investing, Real Estate Investing News, Real Estate Investors, real estate investors news, Real Estate Market, Real Estate News, real estate owned, reduced rates, Reo, Reo Property, reo real estate, Stop Foreclosure
Foreclosure-Gate Revisited – Home Buyers “Boycotting” Distressed Properties
As the fallout from ForeclosureGate continues, home buyers are growing increasingly wary of distressed homes. In fact, in October, 14 percent of owner-occupant home buyers and 6 percent of real estate investors refused to even view foreclosed properties. When it came to short sales, concern was even higher, with 30 percent of owner-occupant buyers and 20 percent of real estate Read full article »
category: Real Estate News
Foreclosure Moratoria Could Create a Price Avalanche
As more states come to the conclusion that they need to place at least partial moratoria on foreclosures, preforeclosures and sales of foreclosed properties (REO) in an effort to prevent the “robo-signer” phenomenon from wreaking even more havoc on potentially undeserving homeowners, real estate experts fear that this well-intended move could create a “false stability” in the housing market that Read full article »
category: Real Estate News
tags: Bank Of America, Congressional Representatives, Estate Experts, Foreclosed Homes, Foreclosed Properties, Foreclosure Process, Foreclosure Properties, Foreclosure Sales, Foreclosures Preforeclosures, Gmac, Graham Fisher, Housing Market, Jp Morgan, Jp Morgan Chase, Mid Term Elections, Moratoria, Moratorium, Rosner, Scarcity, Undeserving
“Foreclosure Realtor” Loving Investors Who Keep the Market Moving
In Savannah, Georgia, 11 community banks hold about $97.5 million in repossessed real estate, and they are keeping local real estate agents who specialize in foreclosure pretty busy. However, while you would probably expect this article to be about how that market is just barely pulling through, in reality the statistics on these REO properties are quite surprising. Contrary to Read full article »
category: Real Estate News
tags: 5 Million, Alternative Methods, Community Banks, Economic Strategy, Foreclosed Homes, Foreclosure Process, Foreclosures, Housing Market, Landlords, Lease Purchase, Local Real Estate, Local Realtors, Media Blitz, Prevalence, Real Estate Agents, Reo Properties, Repossessed Real Estate, Savannah Georgia, Slag, Wholesalers
Financial Reform Legislation Includes Mortgage Aid for the Unemployed
While the main focus on financial reform has been on how the new rules and regulations will impact Wall Street and “Main Street” when it comes to how investors, bankers and borrowers work together, tucked into “Wall Street Reform” is a $1 billion “emergency homeowner’s relief fund” that can be distributed starting October 1 of this year. An additional $1 Read full article »
category: Real Estate News
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.