Posts Tagged ‘Bank of America’

St Louis Loan and Consumer Financing: Freddie Loses Bank of America Wins

Saturday, December 3rd, 2011


St Louis Mortgage and Real Estate News -

St. Louis Refinancing Loan and In-House Financing News: Freddie Mac Deal Was Defective
St Louis Home Mortgage, Customer Financing and Consumer Finance | Principal Reduction Program | 314-334-0210 | St Louis Commercial Mortgage, Consumer Lending and Principal Loan Reduction


If its not Fannie in hot seat, it is her sister company Freddie. According to an oversight report prepared by the inspector general of the Federal Housing Finance Agency and which was released in September spells more doom and glomm for Freddie Mac as they (more…)

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Principal Loan Reduction: BOA Sells Foreclosures

Monday, May 16th, 2011


St Louis Mortgage and Real Estate News –

St Louis Commercial Loan and Consumer Lending News: Bank of America Sells 1300 Foreclosures Through NSP
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending, Customer Financing and Loan Reduction


Bank of America (BOA) has resold 1,340 previously foreclosed homes to buyers who used grants from the Department of Housing and Urban Development (HUD).

The money comes from the Neighborhood Stabilization Program (NSP).

Since July 2008, roughly $6 billion (more…)

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St Louis Loan: Bank Of America Accused Of Hiding Foreclosure Details

Thursday, May 5th, 2011


St Louis Mortgage and Real Estate News –

St Louis Mortgage Refinancing and Home Loan News: Hacker Claims Bank of America Hid Mortgage Errors
St Louis Home Mortgage and Commercial Loans | Principal Loan Reduction | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Reduction


A hacker organization known as Anonymous released on Monday a series of e-mails by a former Bank of America (BOA) employee who claims they show how a division of the bank hid foreclosure information.

The bank unit, Balboa Insurance, which deals in force-placed coverage, was acquired by Bank of America when it bought the mortgage lender Countrywide in (more…)

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St Louis Loan: Bank of America Settles

Saturday, April 9th, 2011


St Louis Mortgage and Real Estate News –

St Louis Finance Lending and Loan Reduction: Bank of America Settles For $3 Billion Dollars
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Modification Advocate


Bank of America (BOA) said that it paid nearly $1.3 billion to Freddie Mac and more than $1.3 billion to Fannie Mae on December 31, 2010 to resolve a faulty mortgage loan dispute involving Countrywide Financial Corp.

The $2.6 billion worth of payments to Freddie and Fannie, combined with potential losse on future repurchases from government-sponsored enterprises, adds up to $3 billion in expenses, according to St Louis loan experts.

Bank of America also expects to take an additional $2 billion charge to fourth-quarter results from (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 Foreclosures: Bank Of America Resumes Foreclosures

Wednesday, January 26th, 2011


St Louis Mortgage and Real Estate News –

St Louis Loan Audit News: Bank of America Resumes Foreclosures In 23 States
Home Mortgage and Commercial Loans | Principal Reduction Program
877-334-0210 or 314-334-0210 | Floyd Tapia


Bank of America reviewed 102,000 foreclosures in the 23 states where a court must sign off on the proceedings, and it has restarted the process on those cases, the company recently said.

The company said the first of the new affidavits had to be submitted by October 25, and that it (more…)

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St Louis Home Mortgage: Bank of America Joins Foreclosure Freeze

Friday, December 31st, 2010


St Louis Mortgage and Real Estate News –

St Louis Finance News: Bank of America Halts Foreclosures
Principal Reduction Program and Commercial Loans | 314-334-0210 | Floyd Tapia


Bank of America (BoA) is no longer standing in the wings as regards the foreclosure crisis so says St Louis Home Mortgage experts.

They have joined the banking crowd by freezing home foreclosures in 23 states as it investigates whether (more…)

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