Posts Tagged ‘HAMP’

« Older Entries
Newer Entries »

Debt Negotiations Settlements St Louis: Loan Mods Caused Foreclosures

Wednesday, February 16th, 2011


St Louis Mortgage and Real Estate News –

St Louis Loan Reduction and Finance News: Loan Mods Led To Foreclosure Mess Say Mounting Lawsuits
St Louis Home Mortgage and Commercial Financing | St Louis Loan Modification
(877) 334-0210 or (314) 334-0210 | Floyd Tapia, Commercial Mortgage


Recently, Federal Treasury statistics showed that only about one-third of the nearly 1.4 million homeowners accepted into the government’s payment or reduction program over the past year have had their loan modification or loan reductions made permanent.

Several federal lawsuits filed in Boston accuse major lenders of breach of contract under the (more…)

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

Loan Modifications St Louis: Mortgage Modifications Slow

Tuesday, February 1st, 2011


St Louis Mortgage and Real Estate News –

St Louis Loan Audit News: Loan Modification Programs Running Slow With Less Than Stellar Results
Home Mortgage and Commercial Loans | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia


There were 28,000 permanent mortgage loan modifications reported in September 2010  under the Home Affordable Modification Program, better known as HAMP. That’s down from more than 33,000 in August.

A total of 495,898 borrowers have received permanent loan modifications since HAMP was (more…)

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

St Louis Loan Modification: HAMP Trials Canceled

Thursday, December 23rd, 2010


St Louis Mortgage and Real Estate News –

St Louis Finance News: Bank of America Pending Action On 43 Percent Of Canceled HAMP Trials
Home Mortgage and Commercial Loans | Principal Reduction Program
877-334-0210 or 314-334-0210 | Floyd Tapia


There are new reports being published that the Treasury has published the outcomes of failed HAMP trials that were canceled largely due to insufficient documents.

Of the 148,129 Home Affordable Modification Program trials Bank of America (BoA) has canceled through August, more than 63,000, or 43 percent, still await additional (more…)

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

St Louis Mortgage: Nearly A Quarter Of Private Mortgages Default

Friday, December 17th, 2010


St Louis Mortgage and Real Estate News –

St Louis Finance News: Nearly 23 Percent of Private Mortgages Default
Residential and Commercial Loans | 314-334-0210


Recent St Louis mortgage reports show that approximately 12 percent of mortgages modified under the government’s Home Affordable Modification Program, known as HAMP, have fallen two months behind in payments, according to a banking regulators’ report issued Friday.

On the other hand, slightly more than (more…)

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

St Louis Mortgage: No Loan Modifications For Unemployed

Friday, December 10th, 2010


St Louis Mortgage and Real Estate News –

St Louis Loan Audit and Finance News: No Loan Modification Programs For The Jobless
Home Mortgage and Commercial Loans | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia


On November 1, 2010, new guidelines released by Fannie Mae will mean that unemployed homeowners cannot count jobless benefits as income when applying for mortgage loan modification programs on loans backed by Fannie Mae.

“We don’t want to set up borrowers to fail,” said Amy Bonitatibus, Fannie Mae spokeswoman.  Fannie Mae’s announcement broadens a ban already put in place from the Treasury Department.

In July, the agency quit allowing (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 Mortgage: Banks Modify More Loans Than HAMP

Thursday, October 7th, 2010


St Louis Mortgage and Real Estate News –

St Louis Finance News: Banks Seem To Be Modifying More Loans Than HAMP
News Press Hot Line: 314-334-0210 | Floyd Tapia


Banks are progressively moving forward seeming to have become a surprise help to those seeking loan modifications.

It is true that they have long come under fire not doing enough to help troubled homeowners, particularly (more…)

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

St Louis Mortgage Report Says HAMP Still Failing As Defaults Rise

Saturday, September 11th, 2010


St Louis Mortgage and Real Estate News –

St Louis Finance News: HAMP Is Still A Failure With Defaults On the Rise
News Press Hot Line: 314-334-0210 | Floyd Tapia


According to a federal report released In August, only 36,695 homeowners received long-term mortgage modifications in July under the Obama administration’s Home (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 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…)

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

« Older Entries
Newer Entries »