Tag archives for Mortgage Lenders

Banks Ease Lending Standards in Second Quarter

Thanks to “aggressive competition,” banks eased up on tight lending standards during the second quarter of this year, reported the Federal Reserve yesterday. However, these “lighter” terms did not extend to the real estate sector, with banks continuing “to ease lending standards on all major types of loans other than loans secured by real estate,” said the report. Lenders cited Read full article »

Lenders Fined for Sub-Prime Misrepresentations

Credit Suisse Securities and Merrill Lynch have been fined $4.5 million and $3 million, respectively, for misrepresenting the risks associated with certain residential sub-prime mortgage securitizations (RMBS) that they offered to investors. The fines were assessed by the Financial Industry Regulatory Authority (FINRA). The lenders failed to provide historical performance information for past performance of similar loans in order to Read full article »

Congress Takes Aim at Faulty Servicing Practices

Fourteen mortgage servicers and two service providers were issued cease and desist orders last week by the Office of the Comptroller of Currency (OCC), to be lifted upon signing consent orders with that office that “promised to improve their processing systems and treat delinquent borrowers better,” according to a report from the New York Times. Not surprisingly, among the signers Read full article »

Americans Have Faith in Financial System, but Not in Mortgage Lending

According to a newly released report by the Chicago Booth/Kellogg School, 26 percent of Americans have faith in the American financial system. However, the mortgage system in particular is not faring so well. According to the report, while faith in the financial system as a whole is up, homeowners retain a “lingering discontent” with mortgage lenders. This discontent extends to Read full article »

Core Assumptions About Mortgage Borrowers Breaking Down

These are strange times in the mortgage business. Bankers have long assumed that a mortgage borrower would do virtually anything necessary to stay in their home and avoid the stigma of foreclosure, including opting to withhold payment on other bills in order to stay current on their mortgage payments.  And for decades, this assumption has been correct. Not any more. Two big trends 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.