In response to a recent request for information from several government entities for “proposals for how best to deal with the large inventory of foreclosed homes” currently held by the government-controlled GSEs Fannie Mae and Freddie Mac and the Federal Housing Administration (FHA), at least one real estate data firm is urging caution. Radar Logic announced plans to publish a Read full article »
Tag archives for Reos
Radar Logic Expresses Concerns About Federal Foreclosure Sales
tags: BEREL, Bryan Ellis, Bryan Ellis Real Estate Letter, carole vansickle, Distressed Property, Draft, Fannie Mae, federal foreclosure, federal foreclosure inventory, Federal Housing Administration, federal rental plan, federal reo, fha foreclosures, fha reos, Foreclosure, foreclosure inventory, foreclosure pools, Foreclosures, Freddie Mac, Gse, gse reos, Housing Market, housing market news, radar logic, radar logic foreclosure plan, Real Estate, Real Estate Investing, Real Estate Investing News, Real Estate Investors, real estate investors news, Real Estate Market, real estate market news, Real Estate News, real estate owned, Reos, Shadow Inventory
Lenders Improving Foreclosure Quality in Order to Move Homes
Real estate investors have been renovating properties for years in order to sell them more quickly and at a higher price point. Banks, on the other hand, have tended to let their REO properties remain largely “as-is” when they market them whenever possible. Now, however, with so much competition for buyers, lenders like Wells Fargo are “sprucing up” their REO Read full article »
tags: BEREL, Bryan Ellis, Bryan Ellis Real Estate Letter, carole vansickle, Draft, fixer upper, Real Estate, Real Estate Investing, Real Estate Investing News, Real Estate News, real estate rehab, real estate rennovation, real estate vandalism, reo investors, Reo Property, Reos, Wells Fargo, wells fargo foreclosure, wells fargo REO
Short Sale Investors Shutting Out First-Time Homebuyers?
Congratulations, real estate investors! You're having a noticably positive impact on the housing recovery and are even being acknowledged in the press. According to the San Francisco Chronicle, the Bay Area local market is seeing bidding wars and multiple offers with ever increasing frequency. What's the cause? An analysis by MDA DataQuick suggests the change in fortunes is Read full article »
category: Real Estate News
tags: Bidding Wars, Catastrophic Levels, Dataquick, Envy, Family Members, First Time Homebuyers, Foreclosure Auctions, Fortunes, Funding Sources, Good Folks, Inventories, Local Market, Luis Jiminez, Neighborhood Blocks, Participation, Public Auctions, Ready Money, Real Estate Investors, Realtors, Rehab, Reos, San Francisco Chronicle
Short Sale Deficiency Balances: Sometimes, It’s A Problem…
I have noticed a lot of comments about the possibility of a deficiency balance after a short sale. I have also received numerous email questions and telephone calls from agents and investors asking about what to do if the bank release does not specifically state that the short sale is in full satisfaction of the debt. It used to be that Read full article »
category: Real Estate News
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.