Tag archives for Refinancing

HARP to Get Facelift

Last Thursday, the president announced that in order to spur job creation, the administration would be revamping the Home Affordable Refinance Program (HARP) in order to broaden the number of people who can take advantage of the program. He believes that it will “help responsible homeowners by reducing their monthly mortgage payments and bolster the economy as they spend the Read full article »

President Considering Unveiling Mortgage Relief Program as Early as This Week

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 »

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 »

Small Business Administration’s Loan Program Extended Through 2012

Small business owners struggling to refinance commercial loans will now have another option through 2012. The U.S. Small Business Association (SBA) has extended its 504 loan program through the end of 2012. Previously intended to expire at the end of September in 2012, now commercial real estate loans maturing after December 31, 2012 can be refinanced through the program. In Read full article »

Interest Rates Continue to Fall

Although many real estate experts predicted that interest rates would start to rise at the beginning of 2011, for now, they’re hanging back. According to Freddie Mac’s weekly rate report, a 30-year fixed mortgage from the GSE averaged a rate of 4.71 percent. That is down slightly from last week some experts forecast rates to go lower still by the 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.