Tag archives for mortgage delinquency

Number of Americans at Risk for Foreclosure on the Rise

According to the Mortgage Bankers’ Association (MBA), 8.44 percent of homeowners missed at least one payment in the second quarter of 2011, putting 0.12 more homeowners at risk for foreclosure in Q2 of 2011 than were believed to be at risk in Q1. In a “normal market,” only about 1.1 percent of homeowners are delinquent at any given time, says Read full article »

Mortgage-Only Defaulters Still Good Credit Risk

If you are thinking about lending money to someone who defaulted on their mortgage during the past recession, then you can rest fairly easy as long as the mortgage is the only thing they let go, reported TransUnion credit bureau yesterday. In fact, only 11 percent of borrowers with only a mortgage default on their record defaulted on new credit Read full article »

4.3 Million New Delinquencies in the Market

According to a report from the Mortgage Bankers Association (MBA), 4.3 million “new” mortgage delinquencies are currently in the process of “serious delinquency” and/or foreclosure at this time. This does not count the roughly six-and-a-half million homes lost to foreclosure already since 2006. While these numbers do indicate that the market is slowly working through its serious problems, many of Read full article »

Fannie Mae Delinquency Books Continue to Show Improvement

Government-controlled GSE Fannie Mae has some good news to show in the first quarter of this year. The share of mortgages that the lending giant owns or guarantees that are three months or more past-due has been on the decline for a full year now, with “seriously delinquent” mortgages slipping to just 4.44 percent in February 2011. In February 2010, 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 »

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.