Tag archives for president obama

Understanding HARP II: A BEREL Educational Report

This past Monday, president Obama announced that the administration would be easing the eligibility requirements for homeowners who wished to refinance their home loans and take advantage of historically low interest rates to reduce their mortgage payments and, potentially, save their homes from foreclosure. His plan to accomplish this revolves around making crucial changes to an existing refinance plan, the Read full article »

FHFA to Raise GSE Fees

Next year lenders will be paying more if they want government-controlled Fannie Mae or Freddie Mac to guarantee their mortgages. The fee hikes are designed to “ready the market for private-sector reinforcements and wean the nation’s housing sector off of low-cost government support,” says FHFA acting director Edward DeMarco. DeMarco believes that “a series of periodic, gradual price increases makes Read full article »

HARP to Get Facelift

Last Thursday, the president announced that in order to spur job creation, the administration would be revamping the Home Affordable Refinance Program (HARP) in order to broaden the number of people who can take advantage of the program. He believes that it will “help responsible homeowners by reducing their monthly mortgage payments and bolster the economy as they spend the Read full article »

President Considering Unveiling Mortgage Relief Program as Early as This Week

In his scheduled speech on job creation this Thursday, President Obama is likely to “include a nod” to his latest mortgage relief plan according to sources familiar with the administration’s plans. The administration has been gathering data and garnering opinions for weeks on a refinancing initiative designed to help borrowers refinance the loans on their homes at current low rates Read full article »

Pension Funds Sue Fannie Mae Conservator

Arguing that the priority for payment of unsecured claims against government-controlled GSEs Fannie Mae and Freddie Mac are inherently corrupt, the Ohio Public Employees Retirement System (OPERS) and the State Teachers Retirement System of Ohio (STRSO) are suing Fannie Mae conservator Edward DeMarco. DeMarco, FHFA’s acting director, imposed the priority regulations July 20 of this year. He has held his 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.