Tag archives for Goldman Sachs

Lehman Brothers Seeks $100 Million in Damages from Goldman Sachs

Lehman Brothers Holdings Inc. is seeking $100 million in damages from Goldman Sachs’ Real Estate Opportunities fund, alleging that the fund’s decision to pull out of the deal destroyed the investment opportunity two days before the sale would have closed. Calling the decision “groundless” and “unjustified,” Lehman is hoping to recoup at least some of its losses on the $1.26 Read full article »

FHFA Sues 17 Lenders

The Federal Housing Finance Agency has filed suits against 17 financial institutions for selling government-controlled GSEs Fannie Mae and Freddie Mac around $200 billion in mortgage-backed securities (MBS) that later went south. Word of the suit leaked early in the day last Friday, causing Bank of America, JPMorgan Chase and Goldman Sachs stocks to fall 8.3 percent, 4.6 percent and Read full article »

U.S. Treasury Department Continues to Punish Bank of America, JP Morgan Chase

Based on a second-quarter assessment of the 10 largest servicers participating in the Making Home Affordable Program, the U.S. Treasury Department plans to continue to withhold incentives from Bank of America and JPMorgan Chase. They two lenders have failed to show “substantial improvement” in borrower outreach, borrower evaluations and program reporting, said a Treasury spokesperson, who allowed that “some improvements Read full article »

NCUA Seeks Millions in Damages from Goldman Sachs

The National Credit Union Administration (NCUA) believes that Goldman Sachs has not yet fully made up for mistakes made in the sales of mortgage-backed securities (MBS), and it has filed another $491 million lawsuit against the firm. This brings the total NCUA is seeking in damages for Goldman Sachs to nearly $2 billion. NCUA believes that Goldman Sachs made “numerous Read full article »

Jobs in Real Estate: Investment Planner/Advisor

Investment planners and advisers have an extremely rewarding job in the real estate market. Not only do they profit when their predictions are correct about real estate investments, but their clients profit as well. Because of real estate’s high level of attractiveness as an investment, many investment banks have groups or divisions dedicated just to real estate. Planners and advisors 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.