While a lot of the news on the housing front is pretty dismal, a bright spot in the coverage – for investors, anyway – is definitely the rental real estate market. Rents are rising; vacancy rates are plummeting, and with more renters in the market for diverse properties than ever before, there is no indication that this sector is going Read full article »
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How to Buy Rental Property Now
Doug Fath Reveals Key Lease Clauses For Student Housing
There may be nobody who knows more about how to get individual investors into the student housing business than Doug Fath - but you probably already know that. Recently when I was speaking with him, he shared several ideas with me that were clearly the result of his experience in this business... ...I'd like to share them with you now: Parents Read full article »
Fannie Mae Takes Aim at Servicers with “Languishing” Foreclosures
It seems like nearly everyone has a story about an acquaintance who has been living, “rent-free,” in their home on a loan that went seriously delinquent months ago. There are a number of explanations for these types of situations, including lenders without the manpower to tackle the foreclosure process on all the distressed homes in their inventory and servicers who Read full article »
Atlanta Man Sentenced for Short Selling – to Himself
An Atlanta real estate investor who tried to get out of nearly $2.2 million in mortgage debt by pretending to short sale the homes has been sentenced to more than three years in prison. The investor, who was facing foreclosure on 14 properties, claimed that he was using short sales to move the properties. In reality, however, he had stolen Read full article »
Wall Street Reform Means that Renters in Foreclosed Homes have 90 Days Grace
Financial reform and consumer protections are the first things that spring to mind when most people think of the Dodd-Frank Wall Street Reform and Consumer Protections Act, but for lenders and other note-holders, start thinking about 90 days grace as well. The bill includes an extension of the Protecting Tenants at Foreclosure Act (PTFA) though the end of 2014. This 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.
