Posts Tagged ‘FHA’

« Older Entries

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…)

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
Posted in st louis mortgage news | No Comments »

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…)

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
Posted in st louis mortgage news | No Comments »

St Louis Mortgage Lending and Customer Financing: No New Bailouts

Tuesday, December 20th, 2011


St Louis Mortgage and Real Estate News -

St. Louis Refinancing Loan and In-House Financing News: Olick Reports No New Federal Bailout

St Louis Home Mortgage, Consumer Financing and Consumer Lending | Principal Reduction Program | 314-334-0210 | St Louis Commercial Financing, Financing For Customers and Principal Loan Reduction


With home prices still falling, new mortgage delinquencies rising again, millions of mortgages already in the foreclosure pipeline, and consumer confidence in the housing market near nil, President Obama is expected to include some new housing fix (more…)

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
Posted in st louis mortgage news | No Comments »

St Louis Mortgage Lending and Consumer Finance: Short Sale Incentives

Wednesday, November 30th, 2011


St Louis Mortgage and Real Estate News -

St. Louis Home Loans and In-House Financing News: Short Sale Incentives
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


Bank of America is testing Florida’s foreclosure waters with an incentive program for defaulting homeowners to “short sell” their homes instead of enduring a foreclosure, which (more…)

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
Posted in st louis mortgage news | No Comments »

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…)

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
Posted in st louis mortgage news | No Comments »

St Louis Finance and Loan: Foreclosures Up Delinquencies Down

Wednesday, April 27th, 2011


St Louis Mortgage and Real Estate News –

St Louis Mortgage Refinancing and Principal Loan Reduction News: MBA Said Foreclosures Up Delinquencies Down
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


The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 8.22 percent of all loans outstanding at the end of the fourth quarter of 2010.

This was a decrease of 91 basis points from the third quarter of 2010, and a decrease of 125 basis points from one year ago, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey.

The non-seasonally adjusted delinquency rate decreased 46 basis points to 8.93 percent this quarter from 9.39 percent last quarter as seen by St Louis finance and loan experts.

The percentage of loans on which foreclosure actions were started during the fourth quarter was (more…)

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
Posted in st louis mortgage news | No Comments »

St Louis Home Loan: Fannie and Freddie Out

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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
Posted in st louis mortgage news | 25 Comments »

St Louis Refinancing Loan: Another Housing Crash Cometh

Saturday, April 16th, 2011


St Louis Mortgage and Real Estate News –

St Louis Finance and Mortgage Refinancing News: The Housing Crash Part II
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia, St Louis Commercial Lending and Loan Modification

Many experts are saying the best evidence that we’re headed for a double-dip recession in housing is the quality of the mortgages during the recent period in which the housing market seemed to improve in many areas.

In the Freddie Mac review of Citigroup’s performing loans, the portion rated as “Not Acceptable Quality” was as high as 32 percent in the fourth quarter of 2009.

While this has obvious implications for (more…)

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
Posted in st louis mortgage news | 48 Comments »

St Louis Lending: Economy Hurting By Tight Credit Rules

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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
Posted in st louis mortgage news | No Comments »

St Louis Mortgage: FHA Mutual Mortgage Insurance Fund Low

Saturday, December 4th, 2010


St Louis Mortgage and Real Estate News –

St Louis Finance News: FHA Falls Way Below Statutory Minimums
Residential and Commercial Loans | 314-334-0210


The Government Accountability Office said economic and market conditions led to declines in the Federal Housing Administration’s mutual mortgage insurance fund “to a level below the statutory minimum” of 2 percent.

Testifying before the Senate Committee on Banking, Housing, and Urban Affairs, Mathew Scire, director of (more…)

Tags: , , , , , , , , , , , ,
Posted in st louis mortgage news | No Comments »

« Older Entries