St Louis Mortgage Lending or In House Financing: Another Recession May Be Coming

January 11th, 2012


St Louis Mortgage and Real Estate News -

St. Louis Finance and Customer Financing News: Recession To Be or Not To Be?


St Louis Home Loan, Financing for Customers and Consumer Lending | Principal Reduction Program | 314-334-0210 | St Louis Commercial Mortgage, Consumer Finance and Principal Loan Reduction


A summer of modest economic growth is helping dispel lingering fears that another recession might be near. Whether the strength can be sustained is less certain. Read the rest of this entry »

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St Louis Mortgage Broker and Customer Financing: Challenge Your Foreclosure

January 10th, 2012


St Louis Mortgage and Real Estate News -

St. Louis Home Loans and In-House Financing News: Olick Reports that Homeowners Challenge Your Foreclosure


St Louis Home Loan, Financing for Customers and Consumer Lending | Principal Reduction Program | 314-334-0210 | St Louis Commercial Mortgage, Consumer Finance and Principal Loan Reduction


It’s late, and it’s limited, but for borrowers who feel their homes were wrongly or inappropriately foreclosed upon in 2009 and 2010, there is now recourse. As part of a larger enforcement action (so-called ‘consent orders’) taken last April against fourteen of the nation’s largest mortgage banks/servicers following the so-called ‘robo-signing‘ scandal, the Office of the Read the rest of this entry »

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St Louis Mortgage Lending and In House Financing: New Foreclosure Plan

January 9th, 2012


St Louis Mortgage and Real Estate News -

St Louis Mortgage Refinancing and Financing For Customers News: New Foreclosure Plan Means Selling Off


St Louis Home Loan, Customer Financing and Consumer Lending | Principal Reduction Program | 314-334-0210 | St Louis Commercial Mortgage, Consumer Finance and Principal Loan Reduction


Big investors are showing interest in an evolving Obama administration plan to sell off foreclosed homes, although the government will have to make the offer sweet enough to coax private funds.

The White House is assessing how best to Read the rest of this entry »

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St Louis Lending and Customer Financing: Move Houses Not Mortgages

January 8th, 2012


St Louis Mortgage and Real Estate News -

St. Louis Refinancing Loan and In-House Financing News: Move Houses, Not Mortgages


St Louis Home Loan, Financing For Customers and Consumer Lending | Principal Reduction Program | 314-334-0210 | St Louis Commercial Mortgage, Consumer Finance and Principal Loan Reduction


Rep. Randy Neugebauer (R-Texas) said the Obama administration should be focused on helping the private market move through the backlog of foreclosures instead of merely shifting wealth from investors to borrowers in the new refinancing changes.

The Federal Housing Finance Agency (FHFA) announced Read the rest of this entry »

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St Louis Home Loan Mortgage and In House Financing: Home Prices Dropping

January 7th, 2012


St Louis Mortgage and Real Estate News -

St. Louis Mortgage Refinancing and Customer Financing News: Home Prices Have Dropped


St Louis Home Loan, Financing For Customers and Consumer Lending | Principal Reduction Program | 314-334-0210 | St Louis Commercial Mortgage, Consumer Finance and Principal Loan Reduction


The Standard & Poor’s/Case-Shiller index showed today that home prices increased in August from July in 10 of the 20 cities tracked. That marked the fifth straight month that at least half of the cities in the survey showed gains. Read the rest of this entry »

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St Louis Mortgage Lending and Customer Financing: More Foreclosures Coming

January 6th, 2012


St Louis Mortgage and Real Estate News -

St. Louis Home Loan Mortgage and In-House Financing News: More Foreclosures on the Way


St Louis Home Loan, Financing For Customers and Consumer Lending | Principal Reduction Program | 314-334-0210 | St Louis Commercial Mortgage, Consumer Finance and Principal Loan Reduction


Two key indices of home prices likely fell in August, suggesting large numbers of foreclosures and continued high joblessness are acting as a drag on the market, according to a new forecast.

The Case-Shiller 20-city composite home price Read the rest of this entry »

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St Louis Home Mortgage and Customer Financing: Man Tried To Ban Foreclosures

January 5th, 2012


St Louis Mortgage and Real Estate News -

St. Louis Home Loans and In-House Financing News: California Man Tries To Ban Foreclosures With New Amendment


St Louis Home Loan, Financing For Customers and Consumer Lending | Principal Reduction Program | 314-334-0210 | St Louis Commercial Mortgage, Consumer Finance and Principal Loan Reduction


In an astonishing move, a California man is on a formidable mission to end foreclosures across his state. He claims that an outright ban on this now legal move to take a person’s home would Read the rest of this entry »

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St Louis Mortgage Broker and Consumer Finance: Mortgage Servicing Changes

January 4th, 2012


St Louis Mortgage and Real Estate News -

St. Louis Mortgage Refinance and In-House Financing News: Olick Reports Changes to Mortgage Servicing Coming


St Louis Home Loan, Customer Financing and Consumer Lending | Principal Reduction Program | 314-334-0210 | St Louis Commercial Mortgage, Financing For Customers and Principal Loan Reduction


Robo-signing, lost paperwork and wrongful evictions have put mortgage servicers under the gun. Banking Committee Chairman Tim Johnson on Tuesday blamed servicers, in part, for stalling a housing recovery: ‘Homes that should move through the foreclosure process are held up because courts and Read the rest of this entry »

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St Louis Foreclosures and Consumer Finance: Banks Prefer Short Sales

January 3rd, 2012


St Louis Mortgage and Real Estate News -

St. Louis Mortgage Lending and Customer Financing Presents: Nuwire News - More Banks Now Choose Short Sales Over Foreclosures


St Louis Home Loan, In-House Financing and Consumer Lending | Principal Reduction Program | 314-334-0210 | St Louis Commercial Mortgage, Consumer Finance and Principal Loan Reduction


Banks dealing with lengthy, complicated and frequently messy foreclosures are starting to see “short sales” as a quicker and cheaper way of getting bad loans off their books. The nation’s biggest mortgage servicers- Bank of America, JPMorgan Chase and Wells Fargo – are beginning to step up their efforts to Read the rest of this entry »

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St Louis Home Loan and In House Financing: HAFA Short Sales Tally

January 2nd, 2012


St Louis Mortgage and Real Estate News -

St. Louis Refinancing Loan and Financing For Customers News: 10,000 HAFA Short Sales


St Louis Home Loan, Customer Financing and Consumer Lending | Principal Reduction Program | 314-334-0210 | St Louis Commercial Mortgage, Consumer Finance and Principal Loan Reduction


Servicers completed 10,438 short sales through the government’s Home Affordable Foreclosure Alternatives (HAFA) program since it launched in April 2010, according to the Treasury Department.

HAFA was designed to provide an incentive to servicers for completing short sales and deeds-in-lieu of foreclosure for Read the rest of this entry »

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