Tag archives for skin in the game

Bank of America to Sell Half of Stake in China Construction Bank Corp.

In an effort to “raise cash and shore up its capital base,” Bank of America is selling off half of its stake in the China Construction Bank Corporation for $8.3 billion anonymous investors. The total stake sold will be 13.1 billion shares and will generate a gain of $3.3 billion for BofA. This news follows on the heels of a Read full article »

Mortgage Bankers Association and Housing Advocates Team Up to Fight 20 Percent Down

You are not likely to see the president of the Mortgage Bankers Association (MBA), Dave Stevens and representatives from the National Housing Conference (NHC) and the Center for Responsible Lending (CRL) all on the same side of the table very often, but the group has teamed up - along with nearly 40 others - to fight “draconian requirements” proposed for Read full article »

FDIC and Federal Reserve Propose Stringent Requirements for Repackaged Loans

If lenders want to repackage and sell loans in the future, the FDIC and the Federal Reserve want those loans to come with some hefty commitments from the borrowers, including a minimum of a 20 percent down payment. If lenders want to make loans on less than that minimum, then they will have to retain at least a portion of Read full article »

Major Lender Pushes for 30 Percent Down on Home Loans

Wells Fargo has a new hurdle for homeowners: a 30 percent down payment on a qualified residential mortgage (QRM). The FHA and the Department of Housing and Urban Affairs are working steadily to establish a firm set of new mortgage rules by the end of April, and Wells Fargo, along with other major lenders, are looking for minimum 20 percent 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.