Yesterday, Old Republic National Title, one of the biggest title insurance companies in the country, announced that it will no longer insure titles for two of the United States’ biggest lenders, JP Morgan Chase and GMAC/Ally. Both lenders have recently placed moratoria on their foreclosures, preforeclosures and some REO property sales as they investigate whether affidavits of foreclosure that were Read full article »
Tag archives for Mortgage Broker
Old Republic National Title Announces It Will No Longer Insure Chase, GMAC/Ally
category: Real Estate News
Pregnancy Could Derail Your Home Loan Application
If your wife or significant other is pregnant, then you might want to leave her at home when you go to speak to the bank about a loan. Mortgage companies are looking askance at expecting couples as a higher risk for default since their income will likely temporarily fall while one or both parents take leave to care for the Read full article »
category: Personal Finance Tips
Tax Breaks for Landlords – Hidden Perks to Owning Rental Property
Note: I am not an accountant or a financial expert. You must consult a certified tax accountant or attorney to determine if and how your rental property can benefit you during tax season. I recently read an article about the tax benefits of owning rental property. The author was a mortgage broker who had interviewed a certified public accountant (CPA) who Read full article »
category: Real Estate Tips
tags: Certified Accountant, Certified Public Accountant, Cpa, Depreciation Deductions, Financial Expert, Gurus, Insurance Maintenance, Landlords, Late Night Phone, Management Company, Media Coverage, Mortgage Broker, Mortgage Interest, Owning Rental Property, Personal Time, Real Estate Taxes, Rental Properties, Tax Accountant, Tax Breaks, Vague Notion
Investor Loans — December 1 Is Drop-Dead Day For Investor Financing
If you're planning to finance any investment property with Fannie Mae-funded loans, be sure to get your transaction closed before December 1, 2008. This is because Fannie Mae will debut a much higher fee structure for investor loans as of that date. And these are seriously punitive to investors. Take a look: If your down payment is in the 10-15% range, you'll Read full article »
category: Real Estate News
Go Viral – Make Your Real Estate Website PROMOTABLE!
Ever noticed that some websites seem to grow like wildfire all by themselves? Or that some websites grow because they're heavily promoted by other internet entrepreneurs? That's because these websites are PROMOTABLE and VIRAL - and both of these can easily be built into your website. (Note - this is part of the Internet Secrets For Nationwide Real Estate Investing Series Read full article »
category: Main Content
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.