Posts Tagged ‘Fannie Mae’
Sunday, April 24th, 2011
St Louis Mortgage and Real Estate News –
St Louis Finance and Loan News: Reaction To Housing Plan By Obama Administration Mixed
St Louis Home Mortgage and Commercial Loans | Principal Loan Reduction | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Compliance Advocate
The Obama administration’s reform plan for the government-sponsored enterprises, Fannie Mae and Freddie Mac, has drawn some praise and some criticism from the mortgage financial market as well as some ho-hums according to the St Louis mortgage lending community.
Among the concepts: “We are gratified to see that one of the concepts they articulate closely tracks MBA’s proposal, released 18 months ago, that visualizes a workable, commonsense (more…)
Tags: consumer finance, consumer lending, credit, customer financing, Fannie Mae, financing for customers, Freddie Mac, GSE, housing market, in house financing, principal loan reduction, principal reduction program, st louis commercial financing, St Louis commercial lending, st louis commercial loans, st louis finance, st louis foreclosures, st louis home loan, st louis home mortgage, st louis house mortgage loan, 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 mortgage lenders, st louis mortgage lending, st louis mortgage loan, st louis mortgage news, st louis mortgage refinancing, st louis refinance, st louis refinancing, st louis refinancing loan
Posted in st louis mortgage news | 37 Comments »
Saturday, April 23rd, 2011
St Louis Mortgage and Real Estate News –
St Louis Finance and Loan News: Fannie and Freddie Recommended To Be Phased Out
St Louis Home Mortgage and Commercial Loans | Principal Loan Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Compliance Advocate
There are new reports coming from the White House stating that the Obama administration has issued a White Paper strongly recommending the gradual elimination of government-sponsored mortgage backers Fannie Mae and Freddie Mac according to St Louis mortgage brokers.
It has included three different options for reducing the role the U.S. government plays in the (more…)
Tags: consumer finance, consumer lending, customer financing, Fannie Mae, FHA, financing for customers, Freddie Mac, in house financing, principal loan reduction, principal reduction, principal reduction program, st louis commercial financing, St Louis commercial lending, st louis commercial loans, st louis finance, st louis foreclosures, st louis home loan, st louis home loans, 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 mortgage lenders, st louis mortgage loan, st louis mortgage news, st louis mortgage refinancing, st louis refinance, st louis refinancing
Posted in st louis mortgage news | 25 Comments »
Tuesday, April 12th, 2011
St Louis Mortgage and Real Estate News –
St Louis Finance and Home Loan News: Refinance Wave Cooling
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Compliance Advocate
Mortgage refinancings through the Home Affordable Refinance Program known as HARP increased 26 percent in the third quarter of 2010.
Strategists for Fannie Mae and Freddie Mac investors, however, say the spike is likely to be short lived and that proved to be the case according to St Louis refinancing loan experts.
Fannie Mae and Freddie Mac loan modifications through HAMP increased 16 percent in the third (more…)
Tags: consumer finance, consumer lending, customer financing, Fannie Mae, financing for customers, HARP, in house financing, principal loan reduction, principal reduction, principal reduction program, st louis commercial financing, St Louis commercial lending, st louis commercial loans, st louis finance, st louis home loans, st louis home mortgage, st louis lending, st louis loan audit, st louis loan modification programs, st louis loan modifications, st louis loan reduction, st louis loans, st louis mortgage, st louis mortgage broker, st louis mortgage loan, st louis mortgage rates, st louis mortgage refinancing, st louis refinance, st louis refinancing
Posted in st louis mortgage news | No Comments »
Tuesday, March 22nd, 2011
St Louis Mortgage and Real Estate News –
St Louis Finance and Loan Reduction News: Tightening Credit May Stall Housing In 2011
Home Mortgage and Commercial Loans | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia
Both mortgage professionals and leading economists are worried that the housing sector may be heading into another downdraft as mortgage lenders continue to tighten already restrictive lending standards.
Such a scenario seemed less likely earlier in 2010, when home-buyer tax credits helped (more…)
Tags: consumer finance, consumer lending, credit, customer financing, Fannie Mae, FHA, financing for customers, foreclosure stop, Freddie Mac, in house financing, principal loan reduction, principal reduction, principal reduction program, st louis commercial financing, St Louis commercial lending, st louis commercial loans, st louis finance, st louis foreclosures, st louis home loans, 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 mortgage refinancing, st louis principal reductions, st louis refinancing
Posted in st louis mortgage news | No Comments »
Thursday, March 10th, 2011
St Louis Mortgage and Real Estate News –
St Louis Finance and Loan Reduction News: Freddie Mac and Fannie Mae Lift Foreclosure Ban But Is It Permanent
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Compliance Advocate
Freddie Mac and Fannie Mae have lifted the ban on the sale of foreclosed homes which was frozen since the document handling fiasco that started nearly two months ago according to loan reduction experts.
Freddie Mac sent a memo to agents instructing them to “resume all normal sales activity” while Fannie Mae issued a memo telling agents to “proceed with scheduling (more…)
Tags: consumer finance, consumer lending, customer financing, Fannie Mae, financing for customers, foreclosure stop, Freddie Mac, in house financing, principal loan reduction, principal reduction, principal reduction program, st louis commercial financing, St Louis commercial lending, st louis commercial loans, st louis finance, st louis foreclosures, st louis home loans, st louis home mortgage, st louis loan audit, st louis loan modification programs, st louis loan reduction, st louis mortgage broker, st louis mortgage refinancing, st louis principal reductions, st louis refinancing
Posted in st louis mortgage news | 76 Comments »
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 »
Sunday, January 30th, 2011
St Louis Mortgage and Real Estate News –
St Louis Finance and Loan Audit News: Freddie Mac and Fannie Mae Are Saying Foreclosure Pipeline Slowing
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Compliance Advocate
Freddie Mac, one of the two government-owned entities that finance about half of all U.S. mortgages, says that homes are taking as long as eight months to work their way through its foreclosure pipeline which is two months longer than was typical before this mortgage crisis began according to Liberty Lending Consultants, a St Louis mortgage company.
What is interesting is that the delay is the result of more borrowers staying in their homes for months after foreclosure proceedings have begun, requiring Freddie Mac to (more…)
Tags: cash for keys, Fannie Mae, foreclosure stop, Freddie Mac, st louis finance, st louis foreclosures, st louis home loan, st louis home mortgage, st louis lending, st louis loan audit, st louis loan reduction, st louis loans, st louis mortgage, st louis mortgage broker, st louis mortgage lenders, st louis mortgage loan, st louis mortgage news, st louis principal reductions, st louis refinancing, stop foreclosure, stopping foreclosure
Posted in st louis mortgage news | 5 Comments »
Thursday, January 27th, 2011
St Louis Mortgage and Real Estate News –
St Louis Loan Audit News: Taxpayers Brace For Fannie Mae and Freddie Mac Losses
Home Mortgage and Commercial Loans | Principal Reduction
877-334-0210 or 314-334-0210 | Floyd Tapia
Consumers are now worried that bailing out Fannie Mae and Freddie Mac will cost them about $154 billion under the most likely scenario for home prices, the mortgage giants’ regulator recently announced.
But the bill could end up much greater nearly twice the $135 billion already spent if grimmer projections prove true and the economy slides back into a double-dip (more…)
Tags: Fannie Mae, Freddie Mac, st louis finance, 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 refinancing, stopping foreclosure
Posted in st louis mortgage news | 2 Comments »
Saturday, January 15th, 2011
St Louis Mortgage and Real Estate News –
St Louis Finance News: Republicans Probe Home Loans For Poor
Home Mortgage and Commercial Loans | Principal Reduction
877-334-0210 or 314-334-0210|Floyd Tapia
Darrell Issa, who would head the lower chamber’s main investigative committee, told the Financial Times in an interview: “We should look at financial entities and either reform them or kill them.”
The conservative Republican from California, who would become chairman of the powerful House oversight and government reform committee, said hearings would focus (more…)
Tags: Fannie Mae, Freddie Mac, home loans for the poor, principal reduction, St Louis commercial lending, st louis finance, st louis home loan, st louis home loans, st louis home mortgage, st louis lending, st louis loan review, st louis loans, st louis mortgage, st louis mortgage broker, st louis mortgage lender, st louis mortgage loan, st louis mortgage news, st louis mortgage refinancing, st louis refinancing, sub-prime
Posted in st louis mortgage news | 1 Comment »
Thursday, January 13th, 2011
St Louis Mortgage and Real Estate News –
St Louis Finance News: The Government Is Getting More Involved In This Foreclosure Fiasco
Commercial Loans | Principal Reductions | Stopping Foreclosure
877-334-0210 or 314-334-0210 | Floyd Tapia
Just recently, top prosecutors in all 50 states announced a coordinated probe into improper foreclosures by the nation’s largest loan servicers, but stopped short of calling for a freeze on all foreclosures.
The group of attorneys general and bank regulators says it will work to put an immediate stop to improper mortgage foreclosure practices, and review past and present practices by loan servicers and come up with potential remedies according to St Louis commercial mortgage loan experts.
The inquiry will be led by Iowa Attorney General Tom Miller. “This group has the backing of (more…)
Tags: Fannie Mae, foreclosures, Freddie Mac, loan servicers, st louis commercial financing, St Louis commercial lending, st louis commercial loan, st louis commercial loans, st louis commercial mortgage, st louis commercial real estate loan, st louis finance, st louis home loan modification, st louis lending, st louis loans, st louis mortgage, st louis mortgage broker, st louis mortgage loans, st louis mortgage news, st louis mortgage refinancing, st louis refinancing, stopping foreclosure
Posted in st louis mortgage news | No Comments »
