Tag archives for Morgan Stanley

FHFA Sues 17 Lenders

The Federal Housing Finance Agency has filed suits against 17 financial institutions for selling government-controlled GSEs Fannie Mae and Freddie Mac around $200 billion in mortgage-backed securities (MBS) that later went south. Word of the suit leaked early in the day last Friday, causing Bank of America, JPMorgan Chase and Goldman Sachs stocks to fall 8.3 percent, 4.6 percent and Read full article »

Homeownership Hits 1965 Levels

According to the U.S. Census Bureau, slightly less than two-thirds of the American population own their own home today. 65.9 percent of the country reported owning a home, but Morgan Stanley analysts argue that the number is much lower – more like 59.2 percent once borrowers who have delinquent mortgages but have not yet lost their homes are factored in. Read full article »

70 Percent of REO Properties Have Yet to Hit the Market

According to a newly-released RealtyTrac report, banks are still holding, unlisted, 70 percent of REO properties. That means that of all the REO properties currently on the market, only 300,000 of the estimated million homes that have been repossessed through foreclosure are actually available for sale. The report indicates that not only have foreclosure filings reached a new high in Read full article »

Real Estate Research Firm Predicts Massive Home Price Decline by 2011

One firm specializing in real estate research and analysis is not pulling any punches: Altos Research says that home prices are set to tank. In fact, according to a recent report released by the firm, home prices at the start of 2011 will actually be lower than they were in 2009, thanks to a massive drop in the number of Read full article »

Strategic Defaults are on the Way Up as Social Stigma Associated with Foreclosure Erodes

Strategic defaults, which occur when homeowners make a decision to stop paying their mortgages rather than finding themselves unable to do so, are on the rise, according to two independent studies by researchers at the University of Chicago and Northwestern University. Both studies indicate that in an increasing number of foreclosure scenarios, the problem is not that the homeowner cannot 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.