According to the U.S. Treasury’s July report on the federal government’s “premier housing program,” HAMP (Home Affordable Modification Program), nearly half of all participants have dropped out of the program since its inception. This means that about 625,300 homeowners who received modifications on their loans failed to make their new, lowered payments and have lost their homes to foreclosure or Read full article »
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Nearly Half of HAMP Participants “Fall Out” of the Program
category: Real Estate News
Bulk REO Trader – The Awful, Dreaded, Horrid, Despicable, Annoying Product Launch – And Why I’m Participating In This One
If there was something that I truly believed in - something that I knew could truly be the "difference" for the success of your real estate business - something that's potent enough to change your fortunes with a single transaction and something that's relevant enough to be the ABSOLUTE BEST OPTION for today's economic environment, wouldn't you be angry if Read full article »
category: Editorial
tags: Absolute, Business Investing, Business Today, Dilemma, Economic Environment, Email, Email List, Estate Business, Expectation, Fortunes, Friend Kenny, Guru, Hate Mail, Hypocrite, Investing Business, Kenny Rushing, Leverage, Liar, Marketers, Opportunity, People, Period Of Time, Product Launch, Product Launches, Promoter, Publicity, Real Estate Training, Regard, Reo, Respect, Send Email, Sending Email, Single Day, Stigma, Subscriber, Subscribers, Success, Uncertain Terms, Webinar
Louisiana Real Estate Stinking in Wake of Oil Spill
While the media focus these days appears to be on whether or not the oil dispersants BP used to make the oil spill less visible were appropriately administered, there is no question on the Louisiana beachfront that the oil was and is on location in full force. One year ago, Grand Isle, a beautiful tourist destination on the Louisiana Coast, Read full article »
category: Real Estate News
Wells Fargo Forecasting AGAINST a Double Dip Recession
Earlier this week Wells Fargo Advantage Funds Market Strategists breakfasted in New York City and concluded that there would not be a double dip recession due to “too much fiscal liquidity” in the market. While the group admitted that there is currently “sub-par” growth in the market, they emphasized that “there is still growth.” The group went on to say that Read full article »
category: Real Estate News
tags: Advantage, Arenas, Banks, Commodities, Confidence, Double Dip Recession, Investing, Investor Sentiment, Liquidity, Market 1, Market Stability, Market Strategists, New York City, People, Real Estate Market, Risky Areas, Risky Investments, Stock Market Investors, Stocks And Bonds, Wells Fargo, Willingness
New Tax on Real Estate Investors Helps Pay for Healthcare: Will Your Real Estate Investing be Impacted?
Now that the administration’s healthcare bill has passed, things are kicking into gear. The Republicans are amping up their campaigns on reversal and repeal; the Democrats are working on setting the thing in stone, and homesellers are getting ready to “do their part,” (like it or not) by making a little less money on the sale of their properties. While there Read full article »
category: Editorial
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.