Posts Tagged ‘foreclosure stop’
Saturday, May 7th, 2011
St Louis Mortgage and Real Estate News –
St Louis Mortgage Lending and Home Loan News: Foreclosures Slow, But…
St Louis Mortgage and Commercial Loans | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Reduction
According to a report released by the Office of the Comptroller of the Currency (OCC) and the Office of Thrift Supervision (OTC), foreclosures slowed in the fourth quarter 2010.
However, as far as long-term outlooks, it has only been a brief reprieve since banks will move more aggressively back into the foreclosure process following a (more…)
Tags: banks, consumer finance, consumer lending, customer financing, financing for customers, foreclosure stop, in house financing, principal loan reduction, principal reduction program, st louis commercial financing, St Louis commercial lending, st louis commercial loans, st louis commercial mortgage, st louis foreclosures, st louis home loan, st louis home loan mortgage, st louis home loans, 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 real estate loans, st louis refinance, st louis refinancing, st louis refinancing loan
Posted in st louis mortgage news | 2 Comments »
Tuesday, May 3rd, 2011
St Louis Mortgage and Real Estate News –
St Louis Mortgage Refinancing and Loan Reduction News: Greenspan Says Stimulus and Housing Programs Hurt Recovery
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Modification Consultant
Former Federal Reserve Chairman Alan Greenspan said in February that massive government intervention to save the economy is to blame for the lagging recovery.
Greenspan argued for less government intervention to get the recovery rolling and businesses (more…)
Tags: alan greenspan, consumer finance, consumer lending, customer financing, economy, financing for customers, foreclosure stop, housing programs, in house financing, principal loan reduction, principal reduction program, 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 loan audit, st louis loan modification, 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 refinancing, st louis real estate, st louis refinance, st louis refinancing, st louis refinancing loan, underwater
Posted in st louis mortgage news | No Comments »
Monday, May 2nd, 2011
St Louis Mortgage and Real Estate News –
St Louis Mortgage Lending and Loan Reduction News: 26 Percent Of Home Sales Are Foreclosures And Short Sales
St Louis Home Mortgage and Commercial Loans | Principal Loan Reduction | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Modification Consultant
According to a RealtyTrac report released yesterday, 26 percent of all homes sold last year were foreclosures and short sales.
Homes already foreclosed on and repossessed by banks, called REOs (real estate owned), sold for an average of 36 percent less than normal sales, RealtyTrac reported.
Meanwhile, the discount for homes sold while they were still in the foreclosure process (short sales) was 15 percent as followed by the St Louis Refinancing Group news team.
“It’s like the post-holiday sales at (more…)
Tags: consumer finance, consumer lending, customer financing, financing for customers, foreclosure stop, in house financing, principal loan reduction, principal reduction program, short sales, 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 lending, st louis mortgage loan, st louis mortgage news, st louis mortgage refinancing, st louis real estate, st louis refinance, st louis refinancing, st louis refinancing loan, underwater
Posted in st louis mortgage news | No Comments »
Monday, April 18th, 2011
St Louis Mortgage and Real Estate News –
St Louis Finance and Loan News: Foreclosures Spread
St Louis Mortgage Refinancing and Commercial Loans | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Modification Advocate
According to a report released early in 2011 by RealtyTrac, one out of every 9 homes in Las Vegas, Nevada received some kind of default notice in 2010.
But there seems to be a silver lining: The foreclosure rate is actually dropping in Vegas which was down 7 percent compared to the end of 2009 according to the St Louis Refinancing Group news team.
In fact, rates fell in all top 10 foreclosure markets of 2010. In second highest foreclosure market, (more…)
Tags: consumer finance, consumer lending, customer financing, financing for customers, foreclosure stop, 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 mortgage, st louis home loans, st louis lending, st louis loan audit, st louis loan modification, st louis loan modification programs, st louis loan reduction, st louis loans, st louis mortgage, st louis mortgage broker, st louis mortgage lending, st louis mortgage loan, st louis mortgage news, st louis mortgage refinancing, st louis principal reductions, st louis refinance, st louis refinancing, unemployment
Posted in st louis mortgage news | No Comments »
Wednesday, April 13th, 2011
St Louis Mortgage and Real Estate News –
St Louis Mortgage Lending and Loan Reduction News: Judges Berate Lawyers Due To Foreclosure Crisis
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
Federal judges are looking ever more critically at home foreclosures.
They are accusing lawyers of processing shoddy or even fabricated paperwork in foreclosure actions when representing the banks according to a St Louis mortgage company report.
Judge Arthur M. Schack of New York State Supreme Court in Brooklyn has taken aim at an (more…)
Tags: consumer finance, consumer lending, customer financing, financing for customers, foreclosure stop, in house financing, lawyers, 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 mortgage, 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 company, st louis mortgage lending, st louis mortgage loan, st louis mortgage refinancing, st louis refinance, st louis refinancing, st louis refinancing loan
Posted in st louis mortgage news | No Comments »
Friday, April 8th, 2011
St Louis Mortgage and Real Estate News –
St Louis Mortgage Lending and Loan Reduction News: Strategic Default Risk May Increase
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Mortgage Loan Modification
The 2011 housing market started off to a bleak pace.
Home prices were expected to drop another 20 percent before hitting bottom, according to economists at A. Gary Shilling & Company, raising the risk that approximately 39.7 percent of borrowers will simply walk away from their home in a strategic default.
The firm reported in its December Investment Insight that home prices are already 29 percent below their peak in the first quarter of 2006 and fell 2 percent between (more…)
Tags: consumer finance, consumer lending, customer financing, financing for customers, foreclosure stop, home prices, in house financing, principal loan reduction, principal reduction, principal reduction program, st louis commercial financing, st louis commercial loans, st louis finance, st louis foreclosures, st louis home loan, st louis home loan mortgage, st louis home loans, st louis home mortgage, st louis lending, st louis loan audit, st louis loan modification, 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 refinancing, st louis principal reductions, st louis refinance, st louis refinancing, st louis refinancing loan, strategic default, underwater
Posted in st louis mortgage news | No Comments »
Thursday, March 31st, 2011
St Louis Mortgage and Real Estate News –
St Louis Lending and Loan Audit News: HAMP Is A Single Failure According To Institutional Experts
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Modification Consultant
Since mid-December of 2010, the Home Affordable Modification Program (HAMP) had processed approximately 520,000 permanent loan modifications.
The panel estimated that by the time the program is finished, it will have prevented only 700,000 foreclosures over all which is quite a contrast to the three million to (more…)
Tags: consumer finance, consumer lending, customer financing, financing for customers, foreclosure stop, HAMP, in house financing, principal reduction program, st louis commercial financing, St Louis commercial lending, st louis commercial loans, st louis commercial mortgage, st louis finance, st louis foreclosures, st louis home loan mortgage, st louis home loans, st louis home mortgage, st louis lending, st louis loan audit, st louis loan modification, st louis loan modification programs, st louis loan reduction, st louis loans, st louis mortgage, st louis mortgage broker, st louis mortgage lending, st louis mortgage refinancing, st louis principal reductions, st louis refinance, st louis refinancing
Posted in st louis mortgage news | No Comments »
Wednesday, March 30th, 2011
St Louis Mortgage and Real Estate News –
St Louis Mortgage Lending and In-House Financing News: California Loan Modification Law Backfires On Homeowners While Helping Banks
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Loan Modification and Consumer Lending
It seems there is no stop to how banks have surprisingly prospered monetarily through this horrible mortgage crisis.
Let’s start with the exorbitant bailouts they received and kept and move forward to the blind assistance of the new idiotic law in place in California.
Sad to say, more and more lawyers throughout California say they have no choice but to reject clients looking for representation in mortgage loan modification cases because (more…)
Tags: consumer finance, consumer lending, customer financing, foreclosure stop, 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 commercial mortgage, st louis foreclosures, st louis home loan, st louis home loan mortgage, st louis home loans, st louis home mortgage, st louis loan audit, st louis loan modification, st louis loan modification programs, st louis loan reduction, st louis loans, st louis mortgage, st louis mortgage broker, st louis mortgage lending, st louis mortgage loan, st louis mortgage news, st louis mortgage refinancing, st louis refinance, st louis refinancing
Posted in st louis mortgage news | 28 Comments »
Tuesday, March 29th, 2011
St Louis Mortgage and Real Estate News –
St Louis Finance and Loan Audit News: Ironically, Robo-Signing Seems To Be Driving Foreclosures Down A Bit
Home Mortgage and Commercial Loans | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia
The number of consumers who have actually lost their homes to bank repossessions dropped even more steeply to 67,428.
That was off a whopping 28 percent from 93,236 in October 2010.
Repossessions are down approximately a third since September 2010.
The drop in total filings, which include notices of default, scheduled auctions and repossessions, followed a 4 percent decline a month earlier.
RealtyTrac CEO James Saccacio attributed the downtrend to fallout from the recent robo-signing controversy.
The robo-signing moratoriums were (more…)
Tags: consumer finance, consumer lending, customer financing, financing for customers, foreclosure stop, in house financing, principal loan reduction, principal reduction, principal reduction program, robo-signing, st louis commercial financing, St Louis commercial lending, st louis commercial loans, st louis commercial mortgage, 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 lending, st louis mortgage loan, st louis mortgage refinancing, st louis principal reductions, st louis refinance, st louis refinancing
Posted in st louis mortgage news | 1 Comment »
Saturday, March 26th, 2011
St Louis Mortgage and Real Estate News –
St Louis Finance and Loan Reduction News: Home Values Fall $9 Trillion Since 2006
Home Mortgage and Commercial Loans | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia
The U.S. housing market has taken a hard hit value wise. American homes were worth about $1.7 trillion less in 2010 than they were worth in 2009, according to a report released by real estate website Zillow.
Last year’s drop in home values is 63 percent larger than the $1 trillion dip in 2009, and brings the total (more…)
Tags: consumer finance, consumer lending, customer financing, financing for customers, foreclosure stop, home values, in house financing, negative equity, 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 reduction, st louis loans, st louis mortgage, st louis mortgage broker, st louis mortgage loan, st louis mortgage refinancing, st louis principal reductions, st louis refinance, st louis refinancing, underwater
Posted in st louis mortgage news | 1 Comment »
