Thursday, Fannie Mae announced their new "Deed For Lease" program, through which home owners facing foreclosure can deed their property to Fannie Mae in exchange for a 1-year lease (with likely extensions) at current market rates. This program is expected to only be available to those who have tried and failed at other solutions such as loan modifications or other Read full article »
Tag archives for Gut Feeling
Freddie Mac In Trouble – And How To Read It
This morning, Freddie Mac announced their earnings - or more correctly, their losses - for the second quarter of this year. It was bad - the losses were about triple what market analysts were expecting. What's interesting is the resulting action - or lack thereof - in the stock market. While Freddie Mac's shares have fallen hard again (down Read full article »
category: Real Estate News
tags: Case Schiller Index, Credit Crisis, Dow Jones, Dow Jones Industrial, Dow Jones Industrial Average, Fannie Freddie, Fannie Mae, Fiasco, Freddie Mac, Futures Contract, Futures Market, Gut Feeling, Home Improvement Companies, Market Analysts, Mortgage Applications Were Up Last Week, Mortgage Lenders, Sell Offs, Smart Money, Stock Market, Suspect One, Yawn
Real Estate Investors: The Time Is Now
More very positive news about the housing market today: The National Association of Realtors announced today that pending sales of previously owned U.S. homes rose in April, despite the widespread expectation of a decline. In fact, Reuters surveyed a bunch of economists whose concensus was an expected decline of 0.5%. What ACTUALLY happened? Pending home sales INCREASED by 6.3%. My friend, that's a Read full article »
category: Main Content, Real Estate News
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.