Tag archives for Home Loan

14 Percent of BofA Mortgages Have a Shot at HAMP

In a recent sampling of 60-day (or more) delinquent mortgages, Bank of America determined that only 14 percent of them could qualify for a permanent HAMP loan modification. As Republicans in Congress take aim at HAMP and other government-sponsored homeowner assistance programs, numbers like these – in conjunction with the high costs of running such programs – are likely to Read full article »

An Introduction to Private Lending, Part II

In the first part of this article, we talked about some scenarios in which a real estate investor could benefit from a relationship with a private lender. It is important to realize that for every one of these scenarios, you can also benefit from being a private lender. Many real estate investors are also private lenders or use private lending Read full article »

Real Estate Scam of the Day: The Forensic Loan Audit

When a homeowner undergoes a forensic loan audit, it is not as harrowing for the homeowner as you might think. During this type of audit, an investigator sifts through all mortgage documents related to the debt on the home, looking for instances in which a lender may have made a mistake or broken the law. Such mistakes can include inaccurately Read full article »

Credit Consequences and Loan Modifications

While a loan modification may save your house, currently it can be disastrous for your credit. This is because many lenders and loan servicers report loan modifications that they have accepted and approved to the credit bureaus as “partial payments” so that the borrower’s history reflects the fact that they were not able to make payments to which they originally Read full article »

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.