News: HUD On the Hot Seat Thanks To New Regulations
The U.S. Department of Housing and Urban Development (HUD) finalized new regulations earlier in April that increase the net worth requirements of FHA-approved lenders (more…)
News: Mortgage Fraud On the Rise Due to Liar Loans
When we speak of “liar loans,” this can be as a result of mortgage fraud done by either the loan officer by falsifying documents or the consumer when they lie to the (more…)
News: Can America Be Pulled From It’s Underwater Financial Grave?
There are those in this country who are extremely tired of the old rhetoric and have now justifiably consumed themselves with the proverbial bottom-line.
Truth-be-told, more and more people no longer (more…)
News: SEC Is Getting Tough With Wall Street Mavericks and Companies
The Securities and Exchange Commission (SEC) has filed a lawsuit against Goldman Sachs for securities fraud.
These actions will probably be the first of many subprime-related charges the agency will bring against (more…)
St Louis Loan Reduction and In-House Financing News: Higher Profits From Mortgage Foreclosures Threaten The Use Of HAFA Loan Modification Programs
Customer Financing | St Louis Home Mortgage and Commercial Loans | 314-334-0210 | Floyd Tapia, St Louis Commercial Mortgage and Consumer Finance
The latest news regarding the national bailout effort is that as of April 2010, the U.S. Treasury Department is paying companies that collect mortgage payments and examine pleas for assistance a $1,500 stipend for approving the sale of homes for amounts less than the loan balance. This is known as a short sale.
These same servicers would also get $1,000 for each loan modification completion under the government’s modification program and additional stipends over a period of three years if borrowers stay current on their new mortgage payments.
The problem that most St Louis mortgage experts are concerned with is there’s not enough incentives or time to save the majority of the 4.6 million U.S. homes that have loan payments more than 90 days overdue. This is why more homeowners are turning to St. Louis loan modifications and various other means to raise their credit scores such as customer financing and in-house financing by St. Louis businesses.
The payouts provided by the Obama administration’s bailout programs don’t come close to what (more…)
News: Bankruptcy Type Conditions Precipitated By The Printing Of More Money
The economic frailties and discouraging outlooks are no longer limited to this nation only warns St Louis mortgage experts.
In fact, the editor and publisher of The Gloom, Boom and Doom Report, says current economic policies are (more…)
News: Statistics Show Commercial Mortgage Defaults Will Pass 11 Percent By 2011
The nation is rightfully preparing for the financial deluge of commercial mortgage loan defaults.
The amount of defaults is likely to rise to (more…)
News: Eye of the Storm or Dawn of a New Day
The President of Bianco Research in Chicago strongly feels that we might be in the eye of the financial storm rather than the dawn of a new day.
Looking closely at not just the national scene (more…)
News: Is Owning a Home for Everyone and Do They Deserve That Right?
The question that will be raising financing eyebrows regarding what lenders will now allow in our weak economy is: Should government backed lending be allowed to (more…)
 | ||||||||||||||||||||||||||||||||||||
| ||||||||||||||||||||||||||||||||||||
 | ||||||||||||||||||||||||||||||||||||
