The Responsible Homeowners Reward (RH Reward) program in New Jersey just celebrated its 4-month birthday by offering tens of millions of dollars to incentivize homeowners to make their mortgage payments rather than accepting a strategic default. That’s right. They’re paying them to make their mortgage payments. Of course, there is more to it than that. Participating homeowners do see a rising balance Read full article »
Tag archives for Gold Rush
Responsible Homeowner Reward Program Incentivizes Making Your Payments
800 Days Of Rent Free Living
According to Ivy Zelman, a Swiss credit analyst, the average number of days before the foreclosure notice is filed on a home after the borrower stops paying his or her mortgage is 417, thanks to a huge foreclosure backlog that threatens to delay and stall many delinquencies indefinitely, potentially leaving the defaulting homeowner in their home. Add to that a Read full article »
Karen Hanover – Change Of Recommendation
Notice: After recent experiences, we have terminated our relationship with Karen Hanover. With regret, we can no longer in good conscience recommend or endorse training or coaching provided by Karen Hanover. It is our belief that commercial real estate does represent an excellent investment opportunity, but those representing it as a "gold rush" misrepresent the potential and the risk involved. When evaluating Read full article »
Newbies In The Cross-Hairs: Why REO’s May Be Wrong For You
At present, all of the "gurus" are aggressively promoting a new course on REO investing. The problem with this is that those who are doing so seem to suggest that REO Investing is "a smart thing to do" in the present economic environment. But is it? I'll answer that question for you now: REO's can be a really great way to create 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.
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.
