Tag archives for unwind foreclosure

Bank Settlement Numbers on the Rise

Martha Coakley, state attorney general for Massachusetts, has high hopes for a settlement with banks to resolve the robo-signer fiasco and other foreclosure-related procedural flaws once and for all. Coakley describes her team’s goal “all along is to stop this flow of unnecessary foreclosures and clear up titles”. She believes that $25 billion could go a long way toward solving Read full article »

US Comptroller of Currency Splits With Administration on Foreclosure Deal

While the Obama administration and the country's lenders struggle to come to terms that both sides find acceptable to help settle foreclosure fraud and robo-signer issues on a national scale, the regulator of the nation’s largest banks (nearly all of whom are embroiled in the mess) is conspicuously absent from the fray. The Office of the Comptroller of the Currency Read full article »

MERS Update: Two More States Uphold MERS in Foreclosure Controversy

Although a New York U.S. Bankruptcy judge has called the entire concept of the MERS (mortgage electronic registration system) foreclosure process “absurd,” California and New Hampshire judges have added their names to the roster of courts that support the MERS system. MERS was designed to help mortgage originators buy and sell loans in bundles quickly. The system helped save money Read full article »

Housing Advocates Push for Philadelphia Foreclosure Sale Suspension

$1 billion in mortgage assistance is coming from the Department of Housing and Urban Development (HUD) this spring, and homeowner advocacy groups in Philadelphia believe that the sheriff’s office needs to hold on foreclosure sales until that time. County foreclosure sales in the area have already been suspended for January and February of 2011 due to investigations for financial mismanagement. Read full article »

In Chicago, Bank Walkaways Create Blight All on Their Own

While some parts of the country would probably be elated if lenders would be a little more willing to “walk away” from foreclosures, in Chicago, it is turning into a serious problem. According to a report by the Woodstock Institute (full report to be released on Thursday of this week), nearly 2,000 “red flag” homes have been abandoned, mid-foreclosure, by 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.