You may recall an article I published a few days ago concerning the strength of credit unions through the financial crisis. An article I read today brought this issue to my attention again... Apparently, regulators in the federal government are not happy about the success of credit unions, and they aim to throttle the profitability of credit unions by further expanding Read full article »
Tag archives for Subprime Crisis
Spreading The Cancer of Subprime Loans
category: Main Content
tags: According To John, Bank Lenders, Borrowers, Case In Point, Community Reinvestment Act, Cra, Credit Unions, Economic Downturn, Economic Empowerment, Economic Reason, Financial Crisis, Financial Institutions, Government Involvement, Jimmy Carter, Lobby Congress, Mortgage Programs, National Community Reinvestment Coalition, Ncrc, Stupid Politicians, Subprime Crisis, Subprime Loans
Two Weeks From Election: Who Is Your Choice?
Normally, real estate investors get to decide who they'll vote for based on issues that are only peripherally related to the real estate business. But this year it's different. The economy is on shaky ground, and it's largely the result of the subprime crisis. There's been an aggressive attempt in the media to suggest that this race is already practically over, Read full article »
category: Main Content
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.