Tag archives for obama foreclosure

Obama Will Veto Bills Terminating “Foreclosure Prevention”

Lest there be any confusion, the Obama administration firmly stated yesterday that “President Barack Obama would veto a Republican-backed bill killing his signature mortgage foreclosure prevention program”. In a statement from the administration, it was stated that the Obama administration “strongly opposes” House action to eliminate HAMP” and that the president’s “senior advisors would recommend that he veto the bill”. While Read full article »

US Comptroller of Currency Splits With Administration on Foreclosure Deal

While the Obama administration and the country's lenders struggle to come to terms that both sides find acceptable to help settle foreclosure fraud and robo-signer issues on a national scale, the regulator of the nation’s largest banks (nearly all of whom are embroiled in the mess) is conspicuously absent from the fray. The Office of the Comptroller of the Currency Read full article »

HAMP, Other Federal Anti-Foreclosure Programs in the Crosshairs in New Republican Budget

Given that special inspector general Neil Barofsky is currently busy blaming HAMP in large part for his decision to step down from his post, you might not think that anyone would really miss the struggling federal loan modification program if House Republicans get their way and axe it as part of their new budget. At least, that is what Ohio’s Read full article »

HAMP Struggles, but HOPE NOW Thrives

While the federal government’s Home Affordable Modification Program (HAMP) has struggled with failed modifications, terrible press coverage and horrible conversion rates, HOPE NOW, a self-described “alliance between counselors, mortgage companies, investors and other mortgage participants” just released its 2010 loan modification data and it has completed 1.76 million loan modifications since the beginning of 2010. Of those 1.76 million loan 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.