In an unusual move, the city of Houston plans to reimburse as much as $20 million in costs for putting in public water and sewer lines, storm drainage systems, roads and parks in an effort to bolster economic development. The city will provide funding and reimbursements to InTown Homes, a local developer, through its Housing and Community Development Department, a Read full article »
Tag archives for real estate investing education
Houston to Incentive Market-Rate Home Construction
Adjustable Rate Loans on the Rebound
Although they got a pretty bad name following the real estate crash in 2008, adjustable rate loans are making a comeback for buyers who want super-low rates and feel that 5 percent is just too high for their needs. Historically, buyers who invest in properties using adjustable rate mortgages (ARMs) have tried to sell or refinance before the adjustable rate Read full article »
Foreclosure Filings Drop Nationwide – Lowest Since 2008
According to RealtyTrac, foreclosure filings dropped 14 percent month-over-month from January 2011 to February. This includes default notices, scheduled auctions and bank repossessions, and is a 27 percent year-over-year decline nationwide. Of course, there are some areas that are exceptions, such as Seattle, which had a 69.7 percent year-over-year increase, creating an isolated foreclosure trend in the area while most Read full article »
HUD Facing $11 Million in Losses Thanks to Non-Compliant FHA Loans
In a recent review of more than 250 loans from 15 lenders, HUD’s Office of the Inspector General (OIG) determined that 49 percent of those loans were non-compliant with FHA guidelines and were likely to cost the FHA insurance fund $11 million or more. OIG recommended that HUD bring suit against each lender who violated lending regulations by misstating borrower Read full article »
An Introduction to Wholesaling
Wholesaling is a type of real estate investing that happens fast. Professional wholesalers often do deals in less than 30 days from the time that they get a property under contract to the time that they sell the contract and close the deal. A wholesaler finds a property that they can buy at a deep discount, then sells that property 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.
