Archive for February, 2011

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St Louis Finance: Will Housing Struggle In 2011

Monday, February 28th, 2011


St Louis Mortgage and Real Estate News –

St Louis Loan Audit and Principal Loan Reduction News: According To A Rent Reuters Report The Housing Market Will Struggle In 2011
Home Mortgage and Commercial Loans | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia


According to a Reuters poll, the United States housing market will stagnate this year as foreclosures and joblessness sap the demand needed to mop up an excess of homes on the market.

While a housing recovery will be sustained, home prices, which have plunged by about a third since (more…)

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Principal Loan Reduction: Foreclosure Mess May Get Worse

Saturday, February 26th, 2011


St Louis Mortgage and Real Estate News –

St Louis Finance and FREE Loan Audit News: Foreclosure Mess Prompts Call For Stress Tests
St Louis Home Mortgage | Commercial Loans | Principal Reduction Program | 877-334-0210 or 314-334-0210


The Congressional Oversight Panel, created by Congress in 2008 to review the Treasury Department’s response to the financial crisis, issued a 125-page report detailing recent allegations that banks and loan servicers filed thousands of inaccurate documents in foreclosure cases across the country.

While the report acknowledged that the scope and the consequences of controversy remain unknown, the panel warned that the financial system could be (more…)

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St Louis Home Loans: 2011 Is Looking Dismal

Friday, February 25th, 2011


St Louis Mortgage and Real Estate News –

St Louis Finance Lending and Loan Reduction News: Orszag Says 2011 May Be Looking Worse Than Originally Expected
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Mortgage Loan Modification


About two months ago, Peter Orszag, Obama’s former director of the Office of Management and Budget, offered his views to the media in a conference call entitled:  “Out with the Rhetoric and In With the Facts on the Budget.”

The tectonic shifts in the financial sector, housing market, and subsequent (and ongoing) consumer de-leveraging pose drastically difficult obstacles for the Federal Reserve.

Orszag noted that, unlike slowdowns that are associated with monetary policy being tweaked in (more…)

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Loan Reduction St Louis: Class Action Lawsuits Against Banks

Thursday, February 24th, 2011


St Louis Mortgage and Real Estate News –

St Louis Finance and Commercial Loan Modification News: Class Action Lawsuits Hitting Banks Hard
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Mortgage


Foreclosure-fraud class action lawsuits piling up against major banks across the United States is threatening a besieged industry with billions more in potential losses.

The class actions, which could be expanded nationally, seek damages for homeowners whose (more…)

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St Louis Loan: Home Improvement Returns Low

Monday, February 21st, 2011


St Louis Mortgage and Real Estate News –

St Louis Finance and Debt Negotiations News: Home Improvements and Remodeling No Longer Pays
Home Mortgage and Commercial Loans | Principal Loan Reduction | 877-334-0210 or 314-334-0210 | Floyd Tapia


According to Remodeling magazine’s 2010 Remodeling Cost versus Value survey, done in partnership with the National Association of Realtors (NAR), renovations returned a lower percentage of its costs in added home value this year than it did in 2009.

In general, anyone planning home improvements will pay a lot more for the job than they will get (more…)

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Posted in st louis mortgage news | 3 Comments »

St Louis Mortgage and Debt Negotiations: Lawsuits Increase

Saturday, February 19th, 2011


St Louis Mortgage and Real Estate News –

St Louis Finance and Loan Audit News: Lawsuits Against Banks Increasing At Alarming Rates
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Mortgage


At the close of the year, December 2010 brought no good news to some of the largest banks nationwide.

JPMorgan Chase, PNC Financial, and Ally Financial disclosed suits  in a growing number of banks under investigation by state and federal officials for sloppy or even fraudulent foreclosure paperwork not to mention mortgage origination snafus.

All mentioned banks face lawsuits (more…)

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Principal Reduction Program St Louis: Home Prices Dropping Again

Friday, February 18th, 2011


St Louis Mortgage and Real Estate News –

St Louis Finance and Loan Modification News: Will Home Prices Drop Another 8 Percent?
St Louis Home Mortgage and Commercial Loans | Commercial Mortgage | 877-334-0210 or 314-334-0210 | Floyd Tapia


In a shocking prediction, Fiserv, a market analytics company, has scaled back its home price projections considerably.

In February, it forecast national price gains of about 4 percent through the end of 2011 according to principal reduction specialists.

The company’s latest prediction is for (more…)

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St Louis Commercial Financing: Small Business Borrowing Up

Thursday, February 17th, 2011


St Louis Mortgage and Real Estate News –

St Louis Commercial Lending and Debt Settlements News: Small Business Borrowing Up Which May Help Economy
Home Mortgage and Commercial Loans | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia


According to the Thomson Reuters/PayNet Small Business Lending Index, which measures the overall volume of financing to U.S. small businesses, commercial lending rose 16 percent in September from a year earlier, PayNet said.

The index rose 15 percent in August, and (more…)

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Debt Negotiations Settlements St Louis: Loan Mods Caused Foreclosures

Wednesday, February 16th, 2011


St Louis Mortgage and Real Estate News –

St Louis Loan Reduction and Finance News: Loan Mods Led To Foreclosure Mess Say Mounting Lawsuits
St Louis Home Mortgage and Commercial Financing | St Louis Loan Modification
(877) 334-0210 or (314) 334-0210 | Floyd Tapia, Commercial Mortgage


Recently, Federal Treasury statistics showed that only about one-third of the nearly 1.4 million homeowners accepted into the government’s payment or reduction program over the past year have had their loan modification or loan reductions made permanent.

Several federal lawsuits filed in Boston accuse major lenders of breach of contract under the (more…)

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St Louis Home Loans: Growing Risk At Ginnie Mae

Tuesday, February 15th, 2011


St Louis Mortgage and Real Estate News –

St Louis Finance and Loan Modification News: Ginnie Mae Pools Raising Investor Concerns
St Louis Home Mortgage and Commercial Financing | FREE Loan Audit | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Mortgage


Barclays Capital notes that the amount of previously delinquent and now-cured mortgages in Ginnie Mae pools are raising investor concerns.

According to St Louis home loans experts, this move is largely due to the fact that there is a higher probability of redefaults and spotty performances from individual servicers.

Ginnie Mae does not buy or sell loans or (more…)

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