Posts Tagged ‘Fannie Mae’

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

Monday, 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 (more…)

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St Louis Lending and Customer Financing: Move Houses Not Mortgages

Sunday, 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 (more…)

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St Louis Mortgage Broker and Consumer Finance: Mortgage Servicing Changes

Wednesday, 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 (more…)

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St Louis Commercial Lending and In House Financing: Commercial Loan Delinquencies Down

Tuesday, December 13th, 2011


St Louis Mortgage and Real Estate News -

St. Louis Commercial Mortgage and Financing For Customers News: MBA Says Commercial and Multifamily Mortgage Delinquency Rates Down
St Louis Home Mortgage, Customer Financing and Consumer Lending | Principal Reduction Program | 314-334-0210 | St Louis Commercial Financing, Consumer Financing and Principal Loan Reduction


Commercial/multifamily mortgage delinquency rates among four out of five major investor groups decreased in the second quarter of 2011, according to the Mortgage Bankers Association’s (MBA) Commercial/Multifamily Delinquency Report. Between (more…)

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St Louis Lending and Customer Financing: Fannie and Robo Signing Abuses

Friday, December 2nd, 2011


St Louis Mortgage and Real Estate News -

St. Louis Mortgage Refinancing and In-House Financing News: Fannie Apparently Knew About Robo-Signing In 2003
St Louis Home Mortgage, Consumer Financing and Consumer Finance | Principal Reduction Program | 314-334-0210 | St Louis Commercial Mortgage, Consumer Lending and Principal Loan Reduction

In an announcement released as of late, mortgage financing giant Fannie Mae knew about allegations of improper foreclosure practices by law firms in 2003 but did not act to (more…)

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St Louis Loan Modification and Refinance: Record Number of REOs Sold

Monday, May 30th, 2011


St Louis Mortgage and Real Estate News –

St Louis Mortgage Broker and Consumer Lending News: Freddie Mac Sells Record Number of REOs
St Louis Home Mortgage and Customer Financing | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending, Consumer Loans and Loan Reduction


Freddie Mac sold roughly 31,000 previously foreclosed and repossessed homes in the first quarter, a new record for the company as both government-sponsored enterprises shed inventory from the end of last year. 

Combined, both Fannie Mae and Freddie hold 218,000 REO properties as of the end of the (more…)

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St Louis Home Loan and Financing: Fannie Mae Faces More Losses

Sunday, May 29th, 2011


St Louis Mortgage and Real Estate News –

St Louis Mortgage Refinancing and In-House Financing News: Fannie Mae Declares First Quarter Loss
St Louis Home Mortgage, Consumer Loans and Lending | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending, Customer Financing and Loan Reduction


Fannie Mae reported net loss of $8.7 billion in the first quarter, including a $2.2 billion dividend payment to the Treasury Department.

The loss narrowed from (more…)

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St Louis Home Mortgage and Loan: Mortgage Lending Hard To Get

Wednesday, May 18th, 2011


St Louis Mortgage and Real Estate News –

St Louis Mortgage Broker and Consumer Lending News: Mortgages Are Cheap… If You Can Get One
St Louis Mortgage Rates and Commercial Loans | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending, Customer Financing and Loan Reduction


According to the Federal Reserve, nearly a quarter of people who apply for home loans are turned down. The denial rates tell only half the story.

Many potential buyers aren’t even applying for loans because they assume they can’t get one according to St Louis loan experts. 

That shows up in credit scores for loans financed with backing from Fannie Mae and Freddie Mac.

The average credit score has risen to (more…)

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St Louis Lending and Refinancing: Mortgage Applications Up

Friday, May 13th, 2011


St Louis Mortgage and Real Estate News –

St Louis Loan and Consumer Lending News: Home Mortgage Applications Appear To Be Up
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending, Mortgage and Customer Financing


The housing market was happy to see that mortgage applications increased 5.3 percent according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending April 15, 2011. 

The Market Composite Index, a measure of mortgage loan application volume, increased 5.3 percent on a seasonally adjusted basis from one week earlier according to St Louis mortgage experts.

On an unadjusted basis, the Index increased 5.9 percent compared with the previous week. The Refinance (more…)

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St Louis Mortgage Broker: 20 Percent Down Payments For Home Loans

Thursday, April 28th, 2011


St Louis Mortgage and Real Estate News –

St Louis Refinance, In-House Financing and Principal Loan Reduction News: Regulators Push For 20 Percent Down Payments
St Louis Home Mortgage and Commercial Loans | Customer Financing | 314-334-0210 | Floyd Tapia, Commercial Lending, Consumer Finance and Loan Modification Consultant


The Dodd-Frank financial overhaul law enacted last year enabled regulators to define a so-called gold-standard residential mortgage that would be exempt from costly new rules according to St Louis mortgage brokers.

At least three agencies including the Federal Reserve, the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency have backed a proposal to require home buyers to put down at least (more…)

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