CoreLogic, a real estate data and analytics firm, estimates that while short sales have tripled since 2008 and are saving literally thousands of homeowners from foreclosure, that lenders are losing money in the process – a lot of it. By the end of 2010, CoreLogic research indicates that lenders will have lost as much as $310 million to “unnecessary losses” Read full article »
Tag archives for Liquidity
“Preventable” Short Sale Losses Total About $310 Million
category: Real Estate News
Wells Fargo Forecasting AGAINST a Double Dip Recession
Earlier this week Wells Fargo Advantage Funds Market Strategists breakfasted in New York City and concluded that there would not be a double dip recession due to “too much fiscal liquidity” in the market. While the group admitted that there is currently “sub-par” growth in the market, they emphasized that “there is still growth.” The group went on to say that Read full article »
category: Real Estate News
tags: Advantage, Arenas, Banks, Commodities, Confidence, Double Dip Recession, Investing, Investor Sentiment, Liquidity, Market 1, Market Stability, Market Strategists, New York City, People, Real Estate Market, Risky Areas, Risky Investments, Stock Market Investors, Stocks And Bonds, Wells Fargo, Willingness
National Association of Realtors “Storm” The Capitol
On May 12, 2010, several thousand members of the National Association of Realtors (NAR) approached their respective members of Congress personally to advocate for the continued existence of Fannie Mae and Freddie Mac, “affordable and available property insurance,” and the strengthening of the FHA, reported MarketWatch . They also advocated against increased buyer down payments and to make current FHA Read full article »
category: Real Estate News
tags: Association Of Realtors, Chief Lobbyist, Commercial Real Estate, Economic Crises, Economic Recovery, Estate Concerns, Fannie Mae, Fannie Mae And Freddie Mac, Fha Loans, Freddie Mac, John Mccain, Liquidity, Members Of Congress, Nar Members, National Association Of Realtors, National Association Of Realtors Nar, Private Capital, Property Insurance, Senator John Mccain, Senior Vice President
Commercial Real Estate is the Secret to Successful Investment Funds
As of March 25, 2010, real estate was the third-best performing sector among investment funds this year, despite home sales remaining stubbornly at record lows while unemployment and restrictive lending laws kept serious resurgence in the market at bay. So how did it happen? Commercial real estate is the answer, says Paul Katzeff, journalist for Investor’s Business Daily. In the past Read full article »
category: Real Estate News
tags: 12 Months, Billion Dollars, Buller, Commercial Real Estate, Convertibles, Fidelity Investments, Fidelity Real Estate, Investment Funds, Liquidity, March 25, Property Owners, Quicksand, Real Estate Investment, Real Estate Investment Trusts, Real Estate Investments, Record Lows, Reits, Residential Option, Resurgence, Unsecured Bonds
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.