An international consortium of investors has spent about 37 cents on the dollar to purchase a stake in a huge pool of non-performing loans seized from AmTrust Bank nearly 8 months ago when that institution shut down. According to the FDIC, the overwhelming majority – nearly 96% -- of the loans in the package are delinquent, and the consortium of Read full article »
Tag archives for Stake
“Opportunists” Purchase $898 Million Pool of Non-Performing Loans
category: Editorial
Government is Holding 46% of All REO Property Nationwide
According to Radar Logic, the federal government is currently holding about 46 percent of the entire body of REO properties in the country. This includes properties held by Fannie Mae, Freddie Mac, HUD and VA loans. The company also predicts that due to a glut of “non-performing” homes that are not yet in foreclosure but clearly headed that way, the Read full article »
category: Real Estate News
Germany set for second bank stake after black week – Reuters
Germany set for second bank stake after black week Reuters - 8 hours ago Hypo Real Estate is in emergency talks with the country's bank rescue fund about a deal that sources close to those talks said would give the government a ... |
category: Uncategorized
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SURVEY SAYS: Foreign Investors Plan to Increase Stake in U.S. Real Estate (CoStar Group)
Foreign investors expect to spend significantly more to acquire U.S. real estate this year than they did in 2008, according to the findings of an annual survey of investor attitudes by the Association of Foreign Investors in Real Estate (AFIRE). Despite...
category: Uncategorized
tags: Association Of Foreign Investors In Real Estate, Attitudes, Foreign Investors, Investor, S Real Estate, Stake, Survey
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REX Agreements – Tap Your Home Equity Without Any Monthly Payments, Ever?
There's a new game in town for people who want to tap their home equity, and the timing couldn't be better - at least, the timing couldn't be better for the people pushing this new form of equity access. It's called a "REX Agreement" - Real Estate Equity Exchange Agreement and marketed by REX & Co in San Francisco. It's not 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.