Tag archives for Refinance

Both Parties Push President, Administration to Follow Through on National Refinance Overhaul

Senators from both sides of the aisle have signed a letter urging President Obama and the administration to “act quickly and aggressively to ensure that responsible homeowners receive the full benefit of rates”. The letter reminds the readers that the president committed in his speech to congress last month that he would work to help homeowners refinance while record-low Read full article »

Commercial Refinancing Likely to be Easier in 2012

There could be some good news on the horizon for commercial property owners hanging on desperately to “extend and pretend” loans that they fear could be called in at any minute: Fitch Ratings is predicting that nearly 800 fewer CMBS loans will come due in 2012, meaning that the loans that are coming due will be easier to refinance. These Read full article »

New Mass-Refinancing Plan on the Table

The White House is considering a mass-refinancing plan that would enable homeowners with government-backed mortgages to refinance into today’s low interest rates. The Obama administration hopes that if the plan comes to fruition the refinancing would leave consumers with lower mortgage bills and more spending money. Currently, many homeowners are too “underwater” on their mortgages or lack the credit standing Read full article »

Low Interest Rates Lead to Shorter Mortgage Terms

Record-low interest rates are not just helping homeowners save money on their existing loans; they are also contributing to a trend in shorter loan terms all together. According to Freddie Mac, more refinancers changed the term of their loan in addition to the rate on the loan in the first quarter of this year than any time since 2004. 34 Read full article »

Mortgage Applications are Up, Financing Volume is Down

The threat of rising interest rates sometime in the coming year appears to be spurring on mortgage applications this month. This week, mortgage applications increased 8.2 percent over the week prior, with the refinance index increasing 9 percent and hitting its highest level since mid-March. However, points out Michael Fratantoni, the Mortgage Bankers Association (MBA)’s vice president of research, that 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.