Beau Biden, state attorney general (AG) of Delaware, has filed suit against the Mortgage Electronic Registration System (MERS) for deceptive trade practices. Saying that “real property rights have been a cornerstone of our society,” Biden alleges that MERS’ has created “confusion among homeowners, investors and other stakeholders in the mortgage finance system, seriously damaging the integrity of the land records Read full article »
Tag archives for Foreclosure Help
MERS Mess Update: Delaware AG Files Suit Against MERS
tags: beau biden, carole vansickle, Draft, Foreclosure, Foreclosure Help, Foreclosures, home sales, Home Values, Homesales, Housing Market, housing market news, housing market trends, Landlord, landlord rights, landlord tips, MERS, Mortgage, mortgage electronic registration system, Mortgages, Real Estate, Real Estate Investing, Real Estate Investing News, Real Estate Investors, real estate investors news, real estate journal, Real Estate Market, real estate market news, Real Estate News, Rei, rei news, rejournalonline.com, rent laws, rental market, Rental Property, rental real estate, tenant rights, underwater home, underwater property
Michigan Homeowners to Receive Legal Aid Fighting MERS Cases
Borrowers who may have been affected by improper foreclosures will be able to access up to $60,000 worth of legal aid if they live in Ingham County, Michigan. The county board of commissioners approved the monies after Ingham County register of deeds, Curtis Hertel, found documents in his office that called hundreds of foreclosures in the area into question. In Read full article »
tags: BEREL, Bryan Ellis, Bryan Ellis Real Estate Letter, carole vansickle, curtis hertel, docx, Draft, Foreclosure Fraud, Foreclosure Help, foreclosure lawsuit, fraudulent foreclosure, halt foreclosure, Ingham County, ingham county michigan, lender processing services, lender servicing, lps, MERS, mers help, michigan foreclosure, michigan real estate, mortgage electronic registration system, Mortgage Lending, mortgage servicing, Real Estate, Real Estate Investing, Real Estate Investing News, Real Estate Investors, real estate investors news, Real Estate News, Stop Foreclosure
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 »
category: Foreclosure News, Real Estate News
tags: Bank Of America, bank of america foreclosure, bank of america foreclosure counseling, Bofa, Bryan Ellis, Bryan Ellis Real Estate Letter, carole vansickle, Countrywide, Draft, foreclosure assistance, foreclosure counseling, Foreclosure Help, Foreclosure Prevention, hardest hit states, homeowner assistance, homeowner assistance center, Loan Modification, mortgage counseling, mortgage outreach, Real Estate, Real Estate Investing, Real Estate Investing News, Real Estate Investors, real estate investors new, Real Estate News, rebecca mairone, Stop Foreclosure
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 »
tags: BEREL, Bryan Ellis, Bryan Ellis Real Estate Letter, carole vansickle, Draft, emergency homeowners relief program, federal housing adminstration, Fha, Fha Insurance, fha insured loan, Fha Loan, Fha Mortgage, fha refinance progra, fha refinance program termination act, fha short refi program, Foreclosure, Foreclosure Help, Foreclosures, Hamp, Home Affordable Modification Program, homeowner help, House Of Representatives, house of representatives hamp, house of representatives nsp, hr 830, m, neighborhood stabilization program, Nsp, obama emergency homeowners relief program, obama fha refi, obama hamp, obama nsp, obama veto, Real Estate, Real Estate Investing, Real Estate Investing News, Real Estate Investors, real estate investors news, Real Estate News, real estate policy, real estate politics, senate fha short refi program, senate hamp, senate nsp
Foreclosures on the West Coast Reach Pre-Robo-Signer Volumes
While the rates of foreclosure in many states in the east have slowed to a crawl as judges, courts, homeowners and lenders struggle to determine just how to handle the continuing fallout from the robo-signer fiasco, the west coast is not experiencing the same delays. In fact, Foreclosure Radar, a California-based tracking firm, reported earlier this week that foreclosure auction Read full article »
tags: arizona foreclosures, Arizona Real Estate, Bryan Ellis, Bryan Ellis Real Estate Letter, California Foreclosures, california real estate, carole vansickle, carole vansickle bryan ellis, Draft, Foreclosure, Foreclosure Help, foreclosure lawyer, foreclosure news, Foreclosure Property, Foreclosure Radar, foreclosure trends, Foreclosures, nevada foreclosures, Nevada Real Estate, New York, new york foreclosure help, new york foreclosure ruling, new york foreclosures, oregon foreclosures, oregon real estate, Real Estate, Real Estate Investing, Real Estate News, Reo Properties, Robo-signer, robosigner, sean otoole, Stop Foreclosure, washington foreclosures, Washington Real Estate, west coast foreclosure
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.