Posts Tagged ‘loan modifications’

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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…)

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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…)

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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…)

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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…)

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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…)

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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…)

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St Louis Mortgages That Are In Trouble Will Not Be Paid Down

Thursday, June 3rd, 2010


Credit Improvement and Credit Repair


St Louis Mortgage Refinancing and Real Estate News –

News: Troubled Borrowers – Don’t Count On Freddie and Fannie Paying Down Your Mortgage

America’s two largest home loan owners have decided perhaps recklessly but irrefutably not to lower the (more…)

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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…)

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St Louis Mortgage Analysts No Longer Optimistic at HAMP Stopping Foreclosures

Sunday, April 18th, 2010


Credit Improvement and Credit Repair

News: Even the Treasury With Mixed Comments Knows  HAMP Not Working

With the numerous reported failures of the federal program known as HAMP, inside senior officials seem to be jumping on the band wagon sharing their new found pessimistic viewpoints on where this program may be headed.

With letters being traded between Neil Barofsky, special inspector general for the Troubled Assets Relief Program (TARP),  and one key senator, he has recently said (more…)

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St Louis Mortgage News Reports HAMP Gets Scrutinized by TARP Inspector

Saturday, April 10th, 2010

 
Credit Improvement and Credit Repair

 
St Louis Mortgage Refinancing and Real Estate News –

News: TARP Inspector Barofsky Takes a Close Look at HAMP

Special inspector general to the Troubled Asset Relief Program (TARP), Neil Barofsky, has initiated an audit of the Home Affordable Modification Program (HAMP).

The U.S. Treasury Department allocated $75 billion from TARP to fund HAMP when the program (more…)

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Posted in st louis mortgage news | 2 Comments »

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