Tag archives for housing market trends

MERS Mess Update: Delaware AG Files Suit Against MERS

Beau Biden, state attorney general (AG) of Delaware, has filed suit against the Mortgage Electronic Registration System (MERS) for deceptive trade practices. Saying that “real property rights have been a cornerstone of our society,” Biden alleges that MERS’ has created “confusion among homeowners, investors and other stakeholders in the mortgage finance system, seriously damaging the integrity of the land records Read full article »

U.S. Housing Market Could be Approaching the Bottom

According to Jan Hatzius, chief economist of the Goldman Sachs Group in New York, the U.S. housing market could, finally, be approaching the bottom. And that’s good news: “Over the next few years,” says Hatzius, “the housing sector is going to improve” although there is still “a lot of excess supply out there.” Other analysts agree, saying that since “the Read full article »

Down Payments On the Rise

Last week the Obama administration called for lenders to raise down payments on properties to a minimum of 10 percent on conventional loans, but that number is likely going to be on the low end of the spectrum. In fact, private lenders are already pushing the numbers higher in an effort to mitigate risk as home prices fall, reported the Read full article »

Mortgage Delinquencies Decline Across the U.S.

According to a recent survey released by the Mortgage Bankers Association (MBA), the “latest delinquency numbers represent significant, across-the-board decreases in mortgage delinquency rates in the U.S.,” according to MBA’s chief economist, Jay Brinkmann. In fact, total delinquencies (not including homes already in foreclosure) are at the lowest levels since the end of 2008, and mortgages with one payment past Read full article »

MERS Under Fire: No Longer Has the Right to Transfer Mortgages or Foreclose

MERS (Mortgage Electronic Registration Systems) was created in the mid 1990s to package and bundle mortgage securities for sale. The goal was to make the transfer of mortgages easier as they were bought and sold on the U.S. residential securitization mortgage market. MERS has, in the past, had the authority to transfer ownership of mortgages and even to handle foreclosures 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.