Tag archives for Wells Fargo

Occupy Wall Street Movement Takes on Wells Fargo

Members of the Occupy Minnesota (Occupy MN) movement are hoping to mimic a “successful” foreclosure protest further out west when they take on a Minnesota Wells Fargo this Friday. Earlier this month, a woman marched on the Fannie Mae headquarters in California in order to garner attention to her foreclosure. She was arrested, but also got her loan modification. Now, Read full article »

Housing Advocacy Group Targets Billionaire Investor Sam Zell

Thanks to public comments made back in 2008 about how the real estate market could recover – in short, by “clean out all those people who never should have bought in the first place and not give them sympathy” – billionaire Sam Zell is now the target of housing advocacy groups hoping to convince Wells Fargo not to sell him Read full article »

Foreclosures Get Green Light in New Jersey

The New Jersey superior court has cleared all lenders in the state to move forward with foreclosures. The last hurdle for GMAC and Ally Financial was lifted yesterday by Judge Mary Jacobson, who stated that the lenders have demonstrated “reliability of…processes” and are “permitted to resume prosecution of uncontested foreclosure proceedings”. Other lenders whose practices were in question, such as Read full article »

U.S. Treasury Department Continues to Punish Bank of America, JP Morgan Chase

Based on a second-quarter assessment of the 10 largest servicers participating in the Making Home Affordable Program, the U.S. Treasury Department plans to continue to withhold incentives from Bank of America and JPMorgan Chase. They two lenders have failed to show “substantial improvement” in borrower outreach, borrower evaluations and program reporting, said a Treasury spokesperson, who allowed that “some improvements Read full article »

Foreclosed Homeowner Succeeds in Reclaiming Home Through Adverse Possession and Public Demonstration

It appears that with enough dedication and effort, a homeowner may be able to literally embarrass a lender into reversing a foreclosure. Tanya Dennis, the disgruntled borrower who made headlines several months ago by barging into a Wells Fargo shareholder meeting and publicly berating the participants, has succeeded in getting a principal write-down and having her mortgage – and her 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.