Posts Tagged ‘loan modification’

St Louis Mortgage Lenders Hail Education Site Launched By Fannie Mae

Friday, August 20th, 2010


St Louis Mortgage and Real Estate News –

St Louis Finance News: New Borrower Education Site Launches
News and Lending Hot Line: 314-334-0210 | Floyd Tapia


A long awaited educational website has being launched by the home loan giant, Fannie Mae. Reports say (more…)

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St Louis Mortgage Lenders Say HAMP Still A Failure

Thursday, August 5th, 2010


St Louis Mortgage and Real Estate News –

St Louis Finance News: The Failing of HAMP Is Stinging Capitol Hill [News Hot Line: 314-334-0210 | Floyd Tapia]


The biggest fear on homeowners’ minds would be home prices continuing to go down. That may become a sad reality.

With foreclosures on the rise along with (more…)

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Data Shows St Louis Finance Recipients Exit Failing Mortgage Programs Fast

Wednesday, July 21st, 2010


St Louis Mortgage and Real Estate News –

St Louis Finance: Consumers Exit Troubled St Louis Mortgage Programs [News Hot Line: 877-334-0210 | Floyd Tapia]


There seems to be peril at hand for the Obama administration’s flagship loan modification program as it sinks deeper and deeper into oblivion.

Approximately 1.24 million borrowers who have enrolled in the $75
billion mortgage modification program have (more…)

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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…)

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St Louis Home Loan Companies Warn About Strict Loan Modification Paperwork

Sunday, June 20th, 2010


St Louis Mortgage and Real Estate News –

News: If you want a loan modification, you better get prepared for the paperwork. [News Hot Line: 877-334-0210]


Once your St Louis home loan goes delinquent, your problems may be only just beginning.  Consumers now must (more…)

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St Louis Refinance Experts Report More Underwater Homeowners Would Not Walk Away

Wednesday, June 9th, 2010


St Louis Mortgage and Real Estate News –

News: Nearly 59 Percent of Homeowners Given the Choice Will Not Walk Away If Mortgage Value Goes Underwater - (News Hot Line: 877-334-0210)


New information announced by RealtyTrac and Trulia.com shows that only 1 percent of homeowners with a St Louis home loan that was underwater would actually (more…)

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St Louis Mortgage Crisis Is Still Affecting Economic Progress

Tuesday, June 8th, 2010


Credit Improvement and Credit Repair


St Louis Mortgage Real Estate News –

News: Mortgage Fiasco Dragging Economic Rebound Down The Tubes (News Hot Line: 877-334-0210)

There is practically no one who has followed this mortgage crisis that would disagree that it has drug the economic recovery downhill as more and more homeowners are (more…)

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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…)

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St Louis Home Loan Analysts Ask Is Home Ownership For Everyone

Monday, May 10th, 2010


Credit Improvement and Credit Repair


St Louis Mortgage Refinancing and Real Estate News –

News: Is Owning a Home for Everyone and Do They Deserve That Right?

The question that will be raising financing eyebrows regarding what lenders will now allow in our weak economy is:  Should government backed lending be allowed to (more…)

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St Louis Home Loans In Default Leads To Creative Door Knocking

Friday, May 7th, 2010

St Louis Mortgage Refinancing and Real Estate News –

St Louis Mortgage Refinancing and Loan Reduction News: St Louis Loan Modification Takes a Twist With Creative Door Knocking
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Reduction


There are more and more companies going door-to-door to directly do business with consumers at their homes.

Although there are well-known religious groups and old-time sales companies that have been doing this (more…)

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