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 »
Tag archives for Recession
Sheila Bair Retires, Blames Real Estate for Financial Crisis
category: Main Content, Real Estate News
tags: Banking Industry, BEREL, Bryan Ellis Real Estate Letter, carole vansickle, Draft, Economic Recovery, Economy, Fdic, Federal Deposit Insurance Corporation, Financial Crisis, financial recovery, marty gruenberg, Real Estate, Real Estate Investing, Real Estate Investing News, Real Estate Investors, real estate investors news, Real Estate Market, Real Estate News, real estate recovery, Recession, sheila bair, wamu, Washington Mutual, william longbrake
REOs, Shadow Inventory Impede Economic Recovery
Although some factors in the country’s economic recovery are suggesting “economic stabilization and growth,” the housing market’s shadow inventory and massive volume of REO properties are slowing things down, according to an Equifax report released last week. These high numbers are contributing to the “continued rise of severe mortgage delinquencies and write-offs,” which, according to Equifax, have not yet peaked. Read full article »
tags: BEREL, Bryan Ellis, Bryan Ellis Real Estate Letter, carole vansickle, Corelogic, Draft, Equifax, Foreclosure, foreclosure inventory, Foreclosures, MERS, Mortgage, Mortgages, Real Estate, Real Estate Investing, Real Estate Investing News, Real Estate Investors, real estate investors news, Real Estate News, real estate owned, Recession, Reo, Reo Properties, Robo-signer, sam Khater, severe mortgage delinquencies, Shadow Market
Geithner Admits Government Had a Role in Bringing Down the Housing Market
While he steadfastly maintains that administration failure HAMP (Home Affordable Modification Program) is critical to homeowners everywhere, U.S. Treasury Secretary Timothy Geithner did admit yesterday in a hearing before the House Committee on Financial Services that the government made “avoidable” mistakes that probably led, in part, to the housing market crash. Think the treasury secretary is moving away from the Read full article »
tags: American Dream, BEREL, Bryan Ellis, Bryan Ellis Real Estate Letter, carole vansickle, Draft, Economic Recession, Fannie Mae, Financial Reform, Foreclosure, Foreclosure Market, Foreclosures, Freddie Mac, Geithner, geithner hamp, government controlled gses, government reform, government role housing crash, government role housing market, Hamp, home afforable modification program, Housing Market, housing reform, lending industry, lending market, Mortgage Industry, Real Estate, Real Estate Investing, Real Estate Investor, Real Estate Investors, Real Estate Market, Real Estate News, Recession, Tim Geithner, Timothy Geithner, Us Treasury, us treasury secretary
Geithner Blames Real Estate and Lending Markets for Lagging Economic Recovery
According to treasury secretary Timothy Geithner, the slow climb out of the current recession is still largely due to mistakes make in real estate and lending over four years ago. “You had this huge growth in leverage in the financial system and huge overinvestment in real estate in parts of the country…But more relevant for us now, they make the Read full article »
category: Editorial, Real Estate News
tags: Angles, Chamber Of Commerce, Commerce Conference, Commercial Real Estate, Economic Recovery, Economic Stagnation, Economists, Economy, Facets, Hispanic Chamber Of Commerce, Housing Market, Leverage, Oversupply, Private Investment, Real Estate Boom, Real Estate Market, Recession, Slow Climb, Treasury Secretary
REITs Back in the Black
In the United States, REITs (real estate investment trusts) are back in the black and selling shares to get their hands on more cash for more acquisitions. In fact, now that they are done with their “balance sheet repair,” from 2009, during which they sold off shares in order to reduce debt and cover dividends, they are ramping up sales Read full article »
category: Real Estate News
tags: Biomed Realty Trust Inc, Commercial Property Values, Commercial Real Estate, Duke Realty, Jordon, Keybanc Capital Markets, Keybanc Capital Markets Inc, Michael Knott, National Association Of Real Estate Investment Trusts, Property Purchases, Real Estate Investment, Real Estate Investment Trusts, Real Estate News, Realty Trust Inc, Recession, Reit, Reits, Sadler, Selling Shares, Snl
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:
-
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.