Starting in June, licensed mortgage servicers will be required to stop foreclosure efforts if they receive a request to do so by the homeowner in foreclosure. The North Carolina Office of the Commissioner of Banks (NCCOB) believes that this will help prevent foreclosures that occur while banks and homeowners are in the midst of negotiations over loan modifications and foreclosure Read full article »
Tag archives for Licensed Mortgage
New Mortgage Rules in North Carolina Designed to Prevent “Unnecessary” Foreclosures
category: Real Estate News
tags: Bank Mortgage, Commissioner Of Banks, Estimates, Foreclosed Properties, Foreclosure Cases, Foreclosure Prevention, Foreclosure Proceedings, Foreclosures, Great Potential, Licensed Mortgage, Loans, Local Banks, Midst, Mortgage Servicers, Nccob, Negotiations, New Mortgage, North Carolina Office, North Caroline, Pre Foreclosure, Timeline, Timely Fashion
The Government Directly Attacks Small Investors Yet Again
If you've read my blog for any period of time, you know I'm not a fan of the Obama administration. And their latest attack on the rights of small real estate investors - like YOU and ME - does nothing to change my opinion. I'm going to tell you what has happened, and I'm also going to tell you what Read full article »
category: Editorial
tags: Acquiring Property, Bill Bronchick, Business Model, Business Strategy, Department Of Housing, Department Of Housing And Urban Development, Department Of Housing And Urban Development Hud, Estate Business, Housing And Urban Development, Hundreds Of Years, Important Point, Investor Business, Licensed Mortgage, Mortgage Originator, Period Of Time, Proposals, Real Estate Investors, Real Estate Lawyer, Seller Financing, Small Real Estate
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.