The White House is considering a mass-refinancing plan that would enable homeowners with government-backed mortgages to refinance into today’s low interest rates. The Obama administration hopes that if the plan comes to fruition the refinancing would leave consumers with lower mortgage bills and more spending money. Currently, many homeowners are too “underwater” on their mortgages or lack the credit standing Read full article »
Tag archives for obama administration
U.S. Treasury Promises GSEs Will be Privatized, Maybe
In response to an article run by the Washington Post indicating that the Obama administration might opt to maintain an active role in the financial markets via oversight of government-controlled GSEs Fannie Mae and Freddie Mac, U.S. deputy secretary of the Treasury Neal Wolin has declared publicly that “the private sector…should be the dominant provider of mortgage credit.” He went Read full article »
tags: BEREL, Bryan Ellis, Bryan Ellis Real Estate Letter, carole vansickle, deputy secretary of the treasury, Draft, Fannie Mae, Freddie Mac, Gse, housing finance, neal wolin, obama administration, Real Estate, Real Estate Investing, Real Estate Investing News, Real Estate Investors, real estate investors news, Real Estate News, unwind fannie mae, unwind freddie mac, Us Treasury, Washington Post
Federal Rental Program Update: White House Supports Rental Program
Rhode Island senator Jack Reed (D) believes that the key to helping the housing market is for the U.S. government to become a landlord. For months now, Reed has been calling on Fannie Mae and Freddie Mac to rent out their massive, 250,000-strong inventory of foreclosed homes in order to “shrink the inventory of government-owned homes” and hopefully, in the Read full article »
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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.