Posts Tagged ‘HUD’

St Louis Lending and Customer Financing: Move Houses Not Mortgages

Sunday, January 8th, 2012


St Louis Mortgage and Real Estate News -

St. Louis Refinancing Loan and In-House Financing News: Move Houses, Not Mortgages


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


Rep. Randy Neugebauer (R-Texas) said the Obama administration should be focused on helping the private market move through the backlog of foreclosures instead of merely shifting wealth from investors to borrowers in the new refinancing changes.

The Federal Housing Finance Agency (FHFA) announced (more…)

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St Louis Mortgage Refinancing and Consumer Lending: Lack of HUD Funds

Monday, October 31st, 2011


St Louis Mortgage and Real Estate News -

St. Louis Finance and Customer Financing News: Olick Reports Realtors Slam Lack of HUD Funds
St Louis Home Loan and Consumer Finance | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Mortgage, Customer Finance and Loan Reduction


“The bullish report on pending home sales came with a caveat from the Realtors: ‘If banks would simply return to normal, sound underwriting standards and begin lending to more creditworthy borrowers, we’d get a much faster recovery in the housing sector,’ said National Association of Realtors chief economist Lawrence Yun. That part has been their mantra for (more…)

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Principal Loan Reduction: BOA Sells Foreclosures

Monday, May 16th, 2011


St Louis Mortgage and Real Estate News –

St Louis Commercial Loan and Consumer Lending News: Bank of America Sells 1300 Foreclosures Through NSP
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending, Customer Financing and Loan Reduction


Bank of America (BOA) has resold 1,340 previously foreclosed homes to buyers who used grants from the Department of Housing and Urban Development (HUD).

The money comes from the Neighborhood Stabilization Program (NSP).

Since July 2008, roughly $6 billion (more…)

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St Louis Home Loan: Loan Modification Options Coming

Wednesday, May 4th, 2011


St Louis Mortgage and Real Estate News –

St Louis Mortgage Refinancing and Lending News: More Loan Modification Options Coming
St Louis Home Mortgage and Commercial Loans | Commercial Loan Modification | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Reduction


Six months after the Federal Housing Administration (FHA) announced an $11 billion refinancing initiative for these “underwater” borrowers, nearly two dozen lenders have agreed to take part in a new loan modification program.

The FHA program called Short Refi requires major concessions from lenders, which must agree to (more…)

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St Louis Mortgage Broker: 20 Percent Down Payments For Home Loans

Thursday, April 28th, 2011


St Louis Mortgage and Real Estate News –

St Louis Refinance, In-House Financing and Principal Loan Reduction News: Regulators Push For 20 Percent Down Payments
St Louis Home Mortgage and Commercial Loans | Customer Financing | 314-334-0210 | Floyd Tapia, Commercial Lending, Consumer Finance and Loan Modification Consultant


The Dodd-Frank financial overhaul law enacted last year enabled regulators to define a so-called gold-standard residential mortgage that would be exempt from costly new rules according to St Louis mortgage brokers.

At least three agencies including the Federal Reserve, the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency have backed a proposal to require home buyers to put down at least (more…)

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Posted in st louis mortgage news | 6 Comments »

St Louis Home Loan Professionals Say Short Refinance Efforts Another Wasted Mortgage Program

Saturday, August 28th, 2010


St Louis Mortgage and Real Estate News –

St Louis Finance News: The Short Refinance Program From the FHA Is Not Very Effective

News Press Hot Line: 314-334-0210 | Floyd Tapia


In a surprise announcement, the United States Department of Housing and Urban Development (HUD) reported that the Federal Housing Administration (FHA) Short (more…)

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St Louis Mortgage Professionals Waiting On FHA Loan Changes

Sunday, August 1st, 2010


St Louis Mortgage and Real Estate News –

St Louis Finance News: Possible FHA Policy Changes On The Horizon [News Hot Line: 314-334-0210 | Floyd Tapia]


There has been talk that the Federal Housing Administration (FHA) would be making key changes to their lending policy in order to boost their capital reserves.

Under the changes, borrowers and mortgage professionals will see three major policy changes and will have (more…)

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St Louis Mortgage Brokers See HUD On The Hot Seat

Thursday, May 20th, 2010


Credit Improvement and Credit Repair


St Louis Mortgage Refinancing and Real Estate News –

News: HUD On the Hot Seat Thanks To New Regulations

The U.S. Department of Housing and Urban Development (HUD) finalized new regulations earlier in April that increase the net worth requirements of FHA-approved lenders (more…)

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St Louis Mortgage Owners Benefit from FHA Changes to Condo Guidelines

Wednesday, January 6th, 2010

St Louis Mortgage Refinance and Real Estate News -

News: FHA Unexpectedly Changes Condo Guidelines

Mortgage analysts over the last 12 months have alluded to the unequivocal financial decimation (more…)

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