Posts Tagged ‘HAFA’

St Louis Home Loan and In House Financing: HAFA Short Sales Tally

Monday, January 2nd, 2012


St Louis Mortgage and Real Estate News -

St. Louis Refinancing Loan and Financing For Customers News: 10,000 HAFA Short Sales


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


Servicers completed 10,438 short sales through the government’s Home Affordable Foreclosure Alternatives (HAFA) program since it launched in April 2010, according to the Treasury Department.

HAFA was designed to provide an incentive to servicers for completing short sales and deeds-in-lieu of foreclosure for (more…)

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

St Louis Mortgage: Delaying Foreclosures May Cost Lenders Money

Monday, October 18th, 2010


St Louis Mortgage and Real Estate News –

St Louis Finance News: The Possibility of Foreclosure Delays May Cost Lenders
News Press Hot Line: 314-334-0210 | Floyd Tapia


Recent letters that have been sent to servicers announced that Fannie Mae will now review the compensatory fees due to servicers in cases where the (more…)

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

St Louis Finance News Reports HAFA May Help HAMP Casualties

Monday, August 9th, 2010


St Louis Mortgage and Real Estate News -

St Louis Finance and Customer Financing News: APNewsBreak – Senator Warns of Layaway’s (Perceived) Cost
St Louis Home Mortgage and Consumer Lending | Principal Reduction Program | 314-334-0210 | St Louis Commercial Mortgage, Consumer Finance and Principal Loan Reduction


The news has not been so good for the Home Affordable Modification Program (HAMP) bailout program. Especially as regards the canceled trial modifications (more…)

Tags: , , , , , , , , , , , , , , , , , , , ,
Posted in st louis mortgage news | 10 Comments »

St Louis Finance Experts Say Most Loan Modifications Will Re-Default

Wednesday, July 7th, 2010


St Louis Mortgage and Real Estate News –

St Louis Finance News: An Astounding75 Percent Of Loan Modifications Will Probably Re-Default [News Hot Line: 877-334-0210 | Floyd Tapia]


New reports being released say the majority of borrowers who have had their national and St Louis home loans modified through government-sponsored bailout programs (more…)

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

St Louis Mortgage Analysts Say Shadow Inventory May Take 47 Months To Clear

Tuesday, June 15th, 2010


St Louis Mortgage and Real Estate News –

News: Shadow Inventory May Turn Into A Four Year Stretch (News Hot Line: 877-334-0210)


Don’t expect this mysterious shadow inventory of homes involving delinquent mortgages to go (more…)

Tags: , , , , , , , , , , , ,
Posted in st louis mortgage news | 2 Comments »

St Louis Home Loan Professionals See HAFA Encouraging Short Sales

Monday, May 24th, 2010


Credit Improvement and Credit Repair


St Louis Mortgage Refinancing and Real Estate News –

News: HAFA Pushing Short Sales As Solution For Foreclosures

Not a day goes by where we don’t read of new programs being instituted to help rid our economy of foreclosures and distressed properties.

Much to the chagrin of banks, short sales are getting more and more publicity and the financial blessings (more…)

Tags: , , , , , , , , , , , , ,
Posted in st louis mortgage news | 1 Comment »

St Louis Home Loan Report Says Foreclosures More Profitable Than Loan Modifications

Sunday, May 16th, 2010


St Louis Mortgage and Real Estate News –

St Louis Loan Reduction and In-House Financing News: Higher Profits From Mortgage Foreclosures Threaten The Use Of HAFA Loan Modification Programs
Customer Financing | St Louis Home Mortgage and Commercial Loans | 314-334-0210 | Floyd Tapia, St Louis Commercial Mortgage and Consumer Finance

The latest news regarding the national bailout effort is that as of April 2010, the U.S. Treasury Department is paying companies that collect mortgage payments and examine pleas for assistance a $1,500 stipend for approving the sale of homes for amounts less than the loan balance.  This is known as a short sale.

These same servicers would also get $1,000 for each loan modification completion under the government’s modification program and additional stipends over a period of three years if borrowers stay current on their new mortgage payments.

The problem that most St Louis mortgage experts are concerned with is there’s not enough incentives or time to save the majority of the 4.6 million U.S. homes that have loan payments more than 90 days overdue. This is why more homeowners are turning to St. Louis loan modifications and various other means to raise their credit scores such as customer financing and in-house financing by St. Louis businesses.

The payouts provided by the Obama administration’s bailout programs don’t come close to what (more…)

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
Posted in st louis mortgage news | 382 Comments »