In order to effectively combat foreclosure, homeowners need to have access to massive databases of information that will provide them with as much data as possible about their personal piece of property and unique foreclosure scenario. For this reason, one homeowner advocate has developed an app for that. Kyle Ransom’s “Go Fight Foreclosure” app is designed to “prevent wrongful foreclosures” Read full article »
Tag archives for Stop Foreclosure
New Mobile App Helps Homeowners Fight Foreclosure
Citizen-Led Movement in California Proposes to Outlaw Foreclosures
In Sacramento, California, one citizen is taking on the lenders directly, using his “Foreclosure Modification Act” to demand that lenders provide principal and interest rate reductions in order to keep borrowers in their homes. And according to the author of the proposal, David A. Benson, the best way to make this happen is to leave banks with no other option Read full article »
Robo-Signing Still an Epidemic
Although foreclosure servicers have, for the most part, cleaned up their act under intense public scrutiny, robo-signing is still rampant in many areas of the mortgage industry, alleges the associated press, citing an investigation that, among other things, found the signature “Linda Green” signed more than 20 different ways in just one firm. The Linda Green in questions actually worked Read full article »
Foreclosure Actions in South Florida Fall 51 Percent in Second Quarter
According to a report from CondoVultures, foreclosure actions in South Florida have plummeted by 51 percent year-over-year for the second quarter of 2011. Peter Zalewski, CondoVultures principal, says that “lenders appear to be riding the brake when it comes to foreclosure actions” in the region. He added, however, that this might change once “administrative irregularities tied to foreclosure process in 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:
-
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.
