Archive for February, 2011
Monday, February 14th, 2011
St Louis Mortgage and Real Estate News –
St Louis Finance and Loan Reduction News: Bank of America Says No To Buying Back Troubled Mortgages
Home Mortgage and Commercial Financing | FREE Loan Audit | 877-334-0210 or 314-334-0210 | Floyd Tapia
In recent comments to the press, Bank of America rebuffed claims by a lawyer for several big investors that it should buy back troubled mortgages because the loans were made improperly.
A group of investors, including the Federal Reserve Bank of New York and Pimco are pressing Bank of America to (more…)
Tags: consumer finance, consumer lending, customer financing, financing for customers, foreclosure stop, in house financing, principal loan reduction, st louis commercial financing, st louis debt negotiations, st louis debt relief programs, st louis debt settlements, st louis finance, st louis foreclosures, st louis home loan, st louis home mortgage, st louis lending, st louis loan audit, st louis loan modification programs, st louis loan reduction, st louis loans, st louis mortgage, st louis mortgage broker, st louis principal reductions, st louis refinancing, troubled mortgages
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Saturday, February 12th, 2011
St Louis Mortgage and Real Estate News –
St Louis Commercial Lending and Customer Financing News: MBA Says Commercial Mortgage Originations Up In 3rd Quarter
St. Louis Home Mortgage and Commercial Financing | In-House Financing | 314-334-0210 | Floyd Tapia, Consumer Finance Consultant
According to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations, third quarter 2010 commercial and multifamily mortgage loan originations were 32 percent higher than during the same period last year and 15 percent higher than during the second quarter.
Origination volumes for life companies and Fannie Mae and Freddie Mac were relatively strong during the third quarter.
However, originations for CMBS remained (more…)
Tags: consumer finance, consumer lending, customer financing, financing for customers, foreclosure stop, in house financing, St Louis commercial lending, st louis commercial loans, st louis commercial mortgage, st louis debt negotiations, st louis debt relief programs, st louis debt restructure, st louis debt settlements, st louis finance, st louis lending, st louis loan audit, st louis mortgage, st louis mortgage broker, st louis mortgage refinancing, st louis principal reductions, st louis refinancing
Posted in st louis mortgage news | 2 Comments »
Friday, February 11th, 2011
St Louis Mortgage and Real Estate News –
St. Louis Foreclosures and Customer Financing News: Title Insurers Fore-go Guarantees On Paperwork Accuracy
St. Louis Home Mortgage and Commercial Loans | In-House Financing and Principal Reduction Program | 314-334-0210 | Floyd Tapia, Consumer Finance Consultant
Title insurers are voicing their confidence in mortgage servicers’ ability to correct foreclosure paperwork problems.
They’ve decided not to require banks to consent to agreements vouching for the validity of foreclosure (more…)
Tags: consumer finance, consumer lending, customer financing, financing for customers, foreclosure stop, in house financing, st louis commercial loans, st louis debt negotiations, st louis debt settlements, st louis finance, st louis foreclosures, st louis home loan, st louis home mortgage, st louis lending, st louis loan audit, st louis mortgage, st louis mortgage broker, st louis mortgage loan, st louis principal reductions, st louis refinancing, stopping foreclosure, title insurers
Posted in st louis mortgage news | 2 Comments »
Thursday, February 10th, 2011
St Louis Mortgage and Real Estate News –
St Louis Finance and In-House Financing News: Rental Properties That Sound Too Good To Be True May Cost You Dearly
St. Louis Home Mortgage and Commercial Loans | Customer Financing and Principal Reduction Program | 314-334-0210 | Floyd Tapia, Consumer Finance Consultant
SCAM ALERT: Rental Fraud
There were reports in 2010 about people who advertise rental properties that do not legally belong to them according to Home For Sale Saint Louis experts. And it hasn’t gone away.
They advertise a house for rent online saying how beautiful this home is. They suck you in with all the amenities and ask that you request an application.
These would be owners also include a well written letter describing their plight on not being able to sell (more…)
Tags: consumer finance, consumer lending, customer financing, financing for customers, foreclosure stop, homes for sale saint louis, homes in st louis for sale, house for rent, in house financing, rental fraud, st louis commercial financing, st louis commercial loans, st louis debt negotiations, st louis debt relief programs, st louis debt restructure, st louis debt settlements, st louis finance, st louis home loan, st louis home mortgage, st louis lending, st louis loan audit, st louis loan modification programs, st louis loan reduction, st louis loan review, st louis mortgage, st louis principal reductions, st louis refinancing
Posted in st louis mortgage news | 2 Comments »
Wednesday, February 9th, 2011
St Louis Mortgage and Real Estate News –
St Louis Finance and Customer Financing News: Construction To Rise 8 Percent In 2011
Home Mortgage and Commercial Loans | In-House Financing and Principal Reduction Program | 314-334-0210 | Floyd Tapia, Consumer Finance Consultant
According to McGraw-Hill Construction, new construction starts in 2011 are expected to advance 8 percent to $445.5 billion, with single-family and multifamily starts leading the way. The prediction follows a 2 percent decline predicted for 2010.
Single-family housing in 2011 will climb 27 percent in dollars and 25 percent in number of units to (more…)
Tags: commercial buildings, consumer finance, consumer lending, customer financing, financing for customers, in house financing, new construction, st louis finance, st louis home loan, st louis home loans, st louis home mortgage, st louis lending, st louis loan audit, st louis mortgage, st louis mortgage broker, st louis mortgage lenders, st louis mortgage loan, st louis mortgage news, st louis mortgage refinancing, st louis principal reductions, st louis refinance, st louis refinancing
Posted in st louis mortgage news | 2 Comments »
Tuesday, February 8th, 2011
St Louis Mortgage and Real Estate News –
St Louis Principal Reduction and In-House Financing News: Commercial Foreclosures Up 39 Percent In Dallas-Fort Worth Areas
Home Mortgage and Commercial Loans | Customer Financing and Principal Reduction Program | 314-334-0210 | Floyd Tapia, Consumer Finance Consultant
Foreclosure postings filed on commercial real estate in the Dallas-Fort Worth (D-FW) metro area are at their highest point in 19 years, according to Foreclosure Listing Service, with postings up 39 percent compared to the first 11 months of 2009.
From January through Tuesday’s November foreclosure auctions, 3,029 postings have been filed on commercial properties in D-FW compared to just 2,173 for the year-ago period according to St Louis commercial mortgage experts.
The postings include all types of commercial real estate, including retail centers, office buildings, (more…)
Tags: consumer finance, consumer lending, customer financing, financing for customers, foreclosure stop, in house financing, st louis commercial financing, St Louis commercial lending, st louis commercial loans, st louis commercial mortgage, st louis finance, st louis foreclosures, st louis lending, st louis loan audit, st louis loan modification programs, st louis mortgage, st louis mortgage broker, st louis mortgage lenders, st louis mortgage loan, st louis mortgage refinancing, st louis principal reductions, st louis refinancing, stopping foreclosure
Posted in st louis mortgage news | 2 Comments »
Monday, February 7th, 2011
St Louis Mortgage and Real Estate News –
St Louis Loan Audit and Customer Financing News: Washington Now Says Foreclosures Must Go On
Home Mortgage and Commercial Loans | In-House Financing and Principal Reduction Program | 314-334-0210 | Floyd Tapia, Consumer Finance Consultant
Over 12 months ago, officials focused on stopping the foreclosure tide. Now they are touting the need for foreclosures to rebuild the housing market.
Last week Phyllis Caldwell, head of the Treasury Department’s Homeownership Preservation Office, told a congressional panel that “an important part of ensuring (more…)
Tags: consumer finance, consumer lending, customer financing, financing for customers, foreclosure stop, in house financing, principal loan reduction, st louis finance, st louis foreclosures, st louis home loan, st louis home mortgage, st louis lending, st louis loan audit, st louis loan modification programs, st louis loans, st louis mortgage, st louis mortgage broker, st louis mortgage loan, st louis mortgage news, st louis mortgage refinancing, st louis principal reductions, st louis refinancing, stopping foreclosure
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Sunday, February 6th, 2011
St Louis Mortgage and Real Estate News –
St Louis Finance and In-House Financing News: Personal Incomes and Savings Rate Down
Home Mortgage and Commercial Loans | Customer Financing and Principal Reduction Program | 314-334-0210 | Floyd Tapia, Consumer Finance Consultant
According to the Commerce Department, personal income fell 0.1 percent. The drop in personal income was a sharp reversal from a revised 0.4 percent increase registered in August.
According to the Commerce Department, spending by individuals increased by 0.2 percent.
Economists expected that spending by individuals would rise 0.4 percent in September, according to (more…)
Tags: consumer finance, consumer lending, customer financing, financing for customers, in house financing, personal income, savings rate, st louis finance, st louis home loan, st louis home loans, st louis home mortgage, st louis lending, st louis loan audit, st louis loans, st louis mortgage, st louis mortgage broker, st louis mortgage lenders, st louis mortgage loan, st louis mortgage news, st louis mortgage refinancing, st louis principal reductions, st louis refinance, st louis refinancing
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Saturday, February 5th, 2011
St Louis Mortgage and Real Estate News –
St Louis Principal Reduction and In-House Financing News: Foreclosures Climbed Higher In The Third Quarter of 2010
St Louis Home Mortgage and Commercial Loans | Customer Financing and Principal Reduction Program | Foreclosure Stop
314-334-0210 | Floyd Tapia, Consumer Finance Consultant
Foreclosure filings increased from last year in 133 of 206 metropolitan statistical areas tracked in the third quarter, or 65 percent, according to RealtyTrac.
The Seattle area had the highest increase. There, foreclosure filings, which include notices of default, pending cases, notices of foreclosure sale and repossessions, increased (more…)
Tags: consumer finance, consumer lending, customer financing, financing for customers, foreclosure stop, in house financing, negative equity, st louis commercial financing, St Louis commercial lending, st louis commercial loans, st louis finance, st louis foreclosures, st louis home mortgage, st louis lending, st louis loan audit, st louis loan modification programs, st louis loans, st louis mortgage, st louis principal reductions, stopping foreclosure, unemployment
Posted in st louis mortgage news | 1 Comment »
Friday, February 4th, 2011
St Louis Mortgage and Real Estate News –
St Louis Finance and Loan Audit News: Investors Trying To Recoup Mortgage Losses
Home Mortgage and Commercial Loans | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia
Nearly 200 investors attended a meeting in New York on what was being called “Robosigners and Other Servicing Failures,” said David Grais, a New York securities lawyer.
He was sponsoring the conference and currently represents two Federal Home Loan Banks that have filed lawsuits over mortgage-backed securities they own according to the St Louis home loans professionals.
It’s one of several indications that (more…)
Tags: Fannie Mae, Freddie Mac, recoup mortgage losses, st louis finance, st louis home loan, st louis home loans, st louis home mortgage, st louis lending, st louis loan audit, st louis loans, st louis mortgage, st louis mortgage broker, st louis mortgage loan, st louis mortgage news, st louis mortgage refinancing, st louis principal reductions, st louis refinancing
Posted in st louis mortgage news | 1 Comment »
