Posts Tagged ‘HAMP’

St Louis Finance News Reports HAFA May Help HAMP Casualties

Monday, August 9th, 2010


St Louis Mortgage and Real Estate News –

St Louis Finance News: HAMP Failure May Become The HAFA Savior [News Hot Line: 314-334-0210 | Floyd Tapia]


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

St Louis Finance Lenders Notice B of A Encouraging Short Sales

Monday, August 2nd, 2010


St Louis Mortgage and Real Estate News –

St Louis Finance News: Short Sales Being Encouraged By Bank of America [News Hot Line: 314-334-0210 | Floyd Tapia]


During the second quarter of 2010, approximately $35.7 billion in leases, foreclosed properties and non-performing loans were reported by Bank of America (BoA) which (more…)

St Louis Mortgage Tips For Getting A Loan Modification

Tuesday, July 20th, 2010


St Louis Mortgage and Real Estate News –

St Louis Finance News: Although It May Be Difficult, Here Are Tips That May Help In Getting A Mortgage Loan Modification [News Hot Line: 877-334-0210 | Floyd Tapia]


The obvious failing of the home loan modification programs has created mixed views on whether homeowners (more…)

St Louis Finance Report Says Troubled Waters For Obama Mortgage Plan

Monday, July 12th, 2010


St Louis Mortgage and Real Estate News –

St Louis Mortgage News: Obama’s Mortgage Bailout Plan A Bridge Over Troubled Waters [News Hot Line: 877-334-0210 | Floyd Tapia]


The federal government recently released a report showing that more distressed homeowners have been dropped from the trial mortgage modifications so as not to (more…)

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…)

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…)

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…)

St Louis Mortgage Owners Facing Foreclosure Can Now Rent Although Some Just Walk Away

Sunday, May 23rd, 2010


Credit Improvement and Credit Repair


St Louis Mortgage Refinancing and Real Estate News –

News: If You Cannot Pay Your Home Mortgage, Why Not Rent… But Don’t Walk Away

There may be a light at the middle of the tunnel of this foreclosure epidemic. Homeowners who are currently facing foreclosure could now get the support through a (more…)

St Louis Refinancing News Team Reports Mortgage Relief Not Effective

Tuesday, May 4th, 2010


Credit Improvement and Credit Repair


St Louis Mortgage Refinancing and Real Estate News –

News: The Obama Administration’s Mortgage Relief Programs Less Than 10% Effective

Information coming from the Congressional Oversight Panel’s latest report released last month depicted only 168,708 homeowners have received permanent mortgage loan modifications as of February 2010.

This number is a small fraction of the almost 6 million borrowers who are currently 60 days or more (more…)

St Louis Home Loan Analysts Say Mortgage Defaults Drives Irresponsible Consumer Spending

Monday, May 3rd, 2010


Credit Improvement and Credit Repair


St Louis Mortgage Refinancing and Real Estate News –

News: Mortgage Defaults Seem To Be Driving Consumer Spending

The country’s foreclosure database has reached record highs.  In addition, the percentage of new defaulted home loans also remain at a five-year high.

The approximate overall number of past due first-lien mortgages and REO properties is now surpassing (more…)