Tag archives for Homeowners Insurance

Insurance Companies Waive Deductibles in Wake of Irene

17 Connecticut insurance companies have agreed to waive their “hurricane deductibles” for Tropical Storm Irene damage. Hurricane deductibles tend to be higher than other deductibles, and the move will save “many homeowners paying tens of thousands of dollars out-of-pocket,” said Governor Dannel Malloy in a joint statement with Thomas Leonardi, insurance commissioner. The damage would normally have been covered under Read full article »

Bank of America, Wells Fargo Out of Reverse Mortgage Business

Last week, Wells Fargo announced that making reverse mortgages would no longer be feasible thanks to changes in the economy. It was the second major lender to leave that sector of the mortgage business – the first being Bank of America. With these two lenders out of the game, that puts 43 percent of the reverse mortgage business up for 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 »

Don’t Forget the Flood Insurance!

Today is the last day to buy discounted FEMA (Federal Emergency Management Agency) flood insurance if your property’s flood status changed when FEMA redrew its maps. Today, June 16, the maps become effective and “preferred rate” policies are available until the end of the day. If a property is in what FEMA considers to be a high-risk flood area then 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.