Tag archives for Home Equity

Home Equity Lines a Sign of Underwater and Delinquency Danger

According to CoreLogic analysts, borrowers who have home equity lines of credit (HELOCs) on their homes as well as a traditional mortgage are more likely to be underwater than those who have not borrowed against their home. It makes sense: if several years ago you had $50,000 worth of equity and you borrowed part or all of it using a Read full article »

Wells Fargo No Longer Originating Reverse Mortgages

Wells Fargo has announced that it will no longer originate reverse mortgages, saying that changed economic times no longer allow for the transaction that enables senior homeowners to use a portion of a home’s equity as collateral and repay the loan out of their estate upon death. Since the repayment of the loan is based on the estate’s ability to Read full article »

Core Assumptions About Mortgage Borrowers Breaking Down

These are strange times in the mortgage business. Bankers have long assumed that a mortgage borrower would do virtually anything necessary to stay in their home and avoid the stigma of foreclosure, including opting to withhold payment on other bills in order to stay current on their mortgage payments.  And for decades, this assumption has been correct. Not any more. Two big trends Read full article »

Zillow: Home Equity Losses Were $3.3 Trillion in 2008NuWire Investor: RealEstateInvestment

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REX Agreements – Tap Your Home Equity Without Any Monthly Payments, Ever?

There's a new game in town for people who want to tap their home equity, and the timing couldn't be better - at least, the timing couldn't be better for the people pushing this new form of equity access. It's called a "REX Agreement" - Real Estate Equity Exchange Agreement and marketed by REX & Co in San Francisco.  It's not 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.