Most of you probably saw this coming, but that does not make it any less unpleasant. Rumors are swirling that on top of the $145 billion the two mortgage giants have already received, the entities will need another roughly $1 trillion to meet the demands of a “reasonable worst-case scenario for the companies” should the market continue to resolve slowly Read full article »
Tag archives for Politicians
Trillion-Dollar Bailout of Fannie and Freddie?
category: Real Estate News
tags: 1930s, Bailout, Businessweek, Corporate Debt, Dangerous Environment, Entities, Fannie Freddie, Giants, Gold Standard, Gses, Housing Market, International Economy, International Relations, Leaps And Bounds, National Housing, Politicians, Trillion, U S Treasury, United States International, Worst Case Scenario
Real Estate Investors, Celebrate! The Media Praises You – Almost…
It’s a far cry from rolling out the red carpet, but at least they’re not booing and hissing. In coverage on Tuesday, October 7, 2009, the Miami Herald (sort of) welcomed the “scourges who unnaturally jacked up prices, spawned reality TV shows and led to the economic crumble” back into the area to “do the jobs that banks aren’t.” Who are Read full article »
category: Real Estate News
The Economy Of The United States Is Stronger Than Congress’ Desire To Thwart It
(Poll of real estate investors near the bottom of this post...) The economy of the United States is at its best when most free. The government is at its best (economically) when it guarantees transparency and accuracy and is otherwise uninvolved. Unfortunately, neither of these are the case at present. The U.S. economy has been hamstrung by insanely foolish regulation for many years Read full article »
category: Real Estate News
tags: Accuracy, Anonymous Poll, Bailout Plan, Citizens, Congress, Congressman, Congressmen, Constituent, Desire, Economy Of The United States, Genesis, Great Depression, Mean Time, Politicians, Poll Id, Public Outcry, Real Estate Investors, Statistics, Transparency, Vocal Opponents, Vocal Supporters
False Positives In The New Housing Rescue Plan
Some people have been studiously searching for positive aspects about the recent Housing Rescue Plan. As my regular readers know, I feel that this plan is an absolute bust in every way, and ultimately brings benefit only to the politicians currently in office, but not to any normal tax payer. Here's a case in point: For all of the Read full article »
category: Uncategorized
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.