Tag archives for wall street reform

HUD and NeighborWorks America Announce a New Emergency Homeowners’ Loan Program

Homeowners in 27 states and Puerto Rico are now eligible for a part of $1 billion set aside as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act in order to pay a portion of their monthly mortgage. Homeowners who have experienced a reduction in income “due to involuntary unemployment, underemployment, economic conditions or medical condition” are eligible Read full article »

Banks Facing New Real Estate Losses

Thanks to falling property prices, banks that participate in mortgage, home-equity and commercial real estate lending are still under strain and will “continue to incur losses due to ongoing weakness in real estate markets,” testified senior associate director for the Federal Reserve bank supervision division Michael Foley. He made his statements yesterday before a subcommittee of the Senate Banking Committee. Read full article »

TARP Inspector General Steps Down, Cites HAMP

Refusing to participate in a program that he says has put “many of the people it’s supposed to be helping…in a far worse place than they would have been had this program not existed,” Neil  Barofsky, special inspector general for TARP, has announced that he will be stepping down in March of this year. He believes that TARP has been 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.