Tag archives for Foreclosure Prevention

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 »

New Bill Aims to Defuse Termination of Federal Foreclosure Programs

In an effort to ameliorate the impact of the potential termination of federal foreclosure programs by bills recently passed in the House of Representatives, Steve Cohen (D-TN), has proposed a bill establishing a grant program for state and local governments to mediate between homeowners and lenders and hopefully prevent foreclosures. Cohen has stated that “foreclosures evaporate middle class wealth” and Read full article »

Congresswoman Calls for National Foreclosure Suspension

Citing recent reports of “robo-signers” at some of the nation’s biggest lenders, Maxine Waters, a California representative (D), called for a nationwide moratorium on foreclosures for the duration of a federally run investigation. To supplement her request, Representative Waters wrote letters to Timothy Geithner (Treasury Secretary), Edward DeMarco (Federal Housing Agency Acting Director) and David H. Stevens (FHA Commissioner). In Read full article »

Majority of Homeowners Opting Out of Loss Mitigation Entirely

While the news is full of climbing short sale rates and the “success” of the myriad federal programs in place to help homeowners deal with the housing crisis, a new report from the State Foreclosure Prevention Working Group (SFPWG), a group that compiles and analyzes information from state attorneys general and bank supervisors around the country, indicates that fully 60 Read full article »

Fannie Mae to Retire HomeSaver Advance (HSA)

Fannie Mae’s HomeSaver Advance program, which was a foreclosure prevention alternative introduced in September 2008 to help homeowners who knew that they would be unable to fulfill a short-term repayment plan on delinquent mortgages save their homes, has helped a few homeowners over the past two years. However, Fannie Mae has found that the HSA program is in less demand 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.