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 »
Tag archives for real estate recovery
Pop-Up Store Fronts Improve Local Retail Areas
Is your local downtown retail area struggling and filled with empty storefronts and dark windows? If so, then maybe you need a “pop-up” store to fill the void. In Pittsburgh, New York, San Francisco and Seattle, local governments are using temporary displays to make their downtown areas look more inviting to consumers and potential retailers. In fact, Pittsburgh has recently Read full article »
Commercial/Multifamily Housing Loan Activity Jumps 107 Percent
While most investors are having trouble getting loans to fund their projects, the multifamily housing sector is thriving. Loan activity in this sector has jumped 52 percent in the second quarter of 2011 and 107 percent over the same time last year, according to the Mortgage Bankers Association (MBA). Although the 107 percent jump was “fueled by origination activity for Read full article »
Sheila Bair Retires, Blames Real Estate for Financial Crisis
In her last statement as chairman of the Federal Deposit Insurance Corporation (FDIC), Sheila Bair emphasized the importance of keeping focus on real estate, crediting not only the financial crisis, but also the slow economic recovery to “the fact that so many residential and commercial properties are currently underwater”. She added that “signs of recovery remain elusive” and that she Read full article »
Analysts Predict Further Drops in Home Prices in 2011
With bank-owned properties driving down housing prices and unemployment remaining high, Clear Capital analysts predict that home sale prices in the U.S. may fall another 2.4 percent in the coming six months. They credit the “limp” sales to low consumer confidence and a high volume of distressed properties. However, there are five metro areas for which Clear Capital has slightly brighter 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.
