Refinanced your mortgage at a new, historically low rate, but still feel like your payments are too high? If so, then a “new” strategy called “recasting” or “re-amortizing” may be the next step for you. Although it has been around forever in theory, only recently has this tactic started to take hold thanks to tough refinancing and credit requirements. The Read full article »
Tag archives for S Market
Loan Recasting – “New” Strategy Hits the Loan Market, Lowers Monthly Payments without Appraisals, Refinancing, Other Fees
Buyers Finding that “Cash In” Refinancing and Retiring Old Mortgages can Result in Twice the House for the Same Money
While the media is full of stories on underwater borrowers walking away from their homes, some homeowners are actually seizing the opportunities presented by today’s lousy seller’s market and record-low interest rates to refinance – with money at closing – or even trade up on their existing homes. If you have the wherewithal to “retire” your old mortgage, you can Read full article »
category: Real Estate News
tags: Borrowers, Knowledge, Living Space, Loan Refinance, Low Interest Rates, Lower Monthly Payments, Magic Combination, Money, Mortgage, Mortgage Refinance, Mortgages, Real Estate Brokers, Real Estate Investors, Real Estate Market, Refinance, Refinancing Mortgages, S Market, Space Cases, Trend, Willingness, Wsj
Real Estate Investing – Convincing Buyers To Buy
It's a tough market out there right now, though there are some very good signs on the horizon. The best sign I've seen is the drastic reduction in the supply of available housing that happened in December. The National Association of Realtors tells us that the supply number dropped from 11.2 to 9.3 in one month. (This means that two full Read full article »
category: Uncategorized
Real Estate Market Numbers Don’t Show The Whole Story…
I saw an article this morning indicating that in some markets, there are more foreclosures coming on the real estate market than there are new homes being constructed. What I think is strange is that this is considered newsworthy. Logically, why would a builder even bother to focus efforts in an area where there will be significant pressure on the market 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.