Tag archives for foreclosure assistance

Bank of America Tripling Homeowner Assistance Centers

In an effort to help more homeowners avoid foreclosure, Bank of America has announced it will open 28 new number of homeowner assistance centers in 2011, tripling the number currently operating. This will bring the number to 40 in 22 states. The centers will be located in “places hardest hit by the recession and lingering mortgage troubles.” The bank is Read full article »

Wells Fargo Shareholders Meeting Ends in Arrests

Angry homeowners and community advocates stormed the Wells Fargo shareholders meeting last week to demand that the lender declare a moratorium on the foreclosure process. When Chairman and CEO John G. Stumpf refused to do so, protesters refused to leave and were eventually arrested. “I get the fact that families are hurting,” said Stumpf, “but moratoriums only put off the Read full article »

Mortgage Delinquencies Decline Across the U.S.

According to a recent survey released by the Mortgage Bankers Association (MBA), the “latest delinquency numbers represent significant, across-the-board decreases in mortgage delinquency rates in the U.S.,” according to MBA’s chief economist, Jay Brinkmann. In fact, total delinquencies (not including homes already in foreclosure) are at the lowest levels since the end of 2008, and mortgages with one payment past Read full article »

Fannie Mae Launches Internet-Based “Foreclosure Prevention Tool”

Federally-controlled Fannie Mae is hoping that by bringing anti-foreclosure resources virtually to homeowners in trouble, more foreclosures can be prevented. The GSE launched a new, interactive website called “WaysHome” designed to educate homeowners on options to prevent foreclosures and help them reach out for help before losing their home becomes unavoidable. Amy Lewis, a foreclosure specialist at the Northwest Michigan 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.