Just a few years ago, most real estate investors had never heard of bulk REO investing, and very few investors had the option of participating in this type of investing because the funds needed for it were of such a grand magnitude. Now, however, as a foreclosure “tsunami” threatens to engulf many major lenders, banks are becoming a little more Read full article »
Tag archives for Proof Of Funds
An Introduction to Bulk REO Investing
Bulk REO Investing – What To Avoid, What To Embrace
The topic of Bulk REO Investing has really gotten a lot of attention lately, and with good reason. "Bulk REO Investing" refers to making profit by buying and selling groups of REO (foreclosed) properties as a unit rather than individually. For investors who are well educated about Bulk REO investing, this can lead to some truly significant real estate profits Read full article »
No More Foreclosure Extensions on Short Sales from Wells Fargo
Wells Fargo will no longer be granting extensions on foreclosures to homeowners attempting to complete a short sale. The lender stated that its investors have had a number of concerns regarding the time it takes to complete short sales, and is implementing the policy “in order to stay consistent between short sale transactions”. There will be some moderate exemptions to Read full article »
Bulk REO Training – Advance Q&A
Hello my friends - I'm thankful to you for registering for the Bulk REO Training. I've sent you an email that confirms the date, time and other details for the training you've registered for. Just yesterday, I spoke with our guest for the training, and I have to tell you that I'm really thrilled to get to offer this information to 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.
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.
