Tag archives for Tom Miller

New York Congressional Delegation Expresses Concern Over AG’s Removal

In light of New York attorney general Eric Schneiderman’s recent expulsion from the executive committee of AGs negotiating a settlement with several major lenders over last year’s robo-signing fiasco and other issues of alleged loan and foreclosure fraud, the congressional delegation from New York is warning that a “dangerous precedent” is being set by Iowa AG Tom Miller and his Read full article »

Justice Department Extends Deadline for Bank Settlement

Banks required to submit a plan of action for handling loan modifications and foreclosures are going to get an extension on crafting that plan, thanks to the federal Justice Department. Mortgage servicers were supposed to submit their plans for dealing with contacting struggling borrowers, handling loan modifications in good faith and adjusting other problematic aspects of the foreclosure process yesterday. Read full article »

Attorney General Foreclosure Probe Closer to Settlement

Iowa attorney general Tom Miller has announced that the 50-state foreclosure probe begun in October as a response to the robo-signer fiasco is “closer” to a settlement and that state and federal officials plan to monitor banks to ensure that they “keep their promises”. Although Miller has not disclosed the terms of the proposed agreement, he said via phone interview Read full article »

Bank of America Faces Accusations of Divide and Conquer Strategy on Foreclosure Investigation Settlement

Bank of America has faced a great deal of criticism and scrutiny in recent months for issues ranging from robo-signers to government bailouts to plain old rotten customer service. Now Iowa assistant attorney general Patrick Madigan is reported to be adding another serious accusation to the long, long list of complaints against the lender: a divide and conquer strategy against Read full article »

State Attorneys General Urge BofA Exec to Be a Leader

In light of ongoing talks dealing with the resolution of mortgage servicing concerns and fallout from the robo-signer debacle last fall, state attorneys general decided yesterday to take Bank of America chief executive Brian Moynihan to lunch. Despite the innocuous sound of boxed lunches and an afternoon meeting on financial reform, however, what they really wanted to do was “urge 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.