Posts Tagged ‘negative equity’
Thursday, May 26th, 2011
St Louis Mortgage and Real Estate News –
St Louis Loan, Mortgage Refinancing and Consumer Lending News: Drowning In Negative Equity
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending, Loan Reduction and Customer Financing
If you have no desire or need to sell your home, then falling home prices are just on paper and likely temporary, right? Depends on how you look at it.
Falling home prices put more borrowers in a negative equity position, that is owing more on their mortgage(s) than their homes are worth.
We call that ‘underwater,’ and for good reason, because for some borrowers that sense of drowning (more…)
Tags: consumer finance, consumer lending, credit, customer finance, customer financing, debt, financing for customers, negative equity, principal loan reduction, principal reduction program, st louis commercial financing, St Louis commercial lending, st louis commercial loans, st louis commercial mortgage, st louis finance, st louis foreclosures, st louis home loan, st louis home loan mortgage, st louis home mortgage, st louis home mortgage lending, st louis lending, st louis loan audit, st louis loan modification, st louis loan modification programs, st louis loan reduction, st louis loans, st louis mortgage, st louis mortgage broker, st louis mortgage lending, st louis mortgage loan, st louis mortgage news, st louis mortgage refinancing, st louis real estate loans, st louis refinance, st louis refinancing, st louis refinancing loan, strategic default, underwater
Posted in st louis mortgage news | 1 Comment »
Saturday, April 30th, 2011
St Louis Mortgage and Real Estate News –
St Louis Finance Loan and Mortgage Refinancing News: House Prices To Keep Falling?
St Louis Home Loan and Commercial Financing | Principal Loan Reduction | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Reduction Consultant
It seems that according to the Capital Economics, the second leg of the United States housing downturn will continue throughout the year and could be nasty if a vicious circle of falling house prices and rising foreclosures continues.
“The second downward leg in house prices that began last year will continue throughout (more…)
Tags: consumer finance, consumer lending, customer financing, financing for customers, house prices, in house financing, negative equity, principal loan reduction, principal reduction program, st louis commercial financing, St Louis commercial lending, st louis finance, st louis foreclosures, st louis home loan, st louis home loans, st louis home mortgage, st louis lending, st louis loan audit, st louis loan modification programs, st louis loan reduction, st louis loans, st louis mortgage, st louis mortgage broker, st louis mortgage lenders, st louis mortgage lending, st louis mortgage loan, st louis mortgage news, st louis mortgage refinancing, st louis principal reductions, st louis refinance, st louis refinancing, st louis refinancing loan
Posted in st louis mortgage news | No Comments »
Monday, April 11th, 2011
St Louis Mortgage and Real Estate News –
St Louis Finance and Mortgage Refinancing News: HAMP Found Lacking, Again
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Modification Consultant
Approximately twelve months ago, the Congressional Oversight Panel found the program HAMP to be struggling to get off the ground despite having been in action for nearly a year and a half.
The latest evaluation of the Home Affordable Modification Program (HAMP) came out and the result was the same deal. HAMP has undergone several tweaks since April 2010.
But the Congressional Oversight Panel, created to issue periodic reports on the TARP bailout program, found little improvement in performance according to a St Louis mortgage broker.
Instead of helping 3 million to (more…)
Tags: consumer finance, consumer lending, customer financing, financing for customers, HAMP, in house financing, negative equity, principal loan reduction, principal reduction, principal reduction program, St Louis commercial lending, st louis commercial loans, st louis commercial mortgage, st louis finance, st louis foreclosures, st louis home loan mortgage, st louis home loans, st louis home mortgage, st louis lending, st louis loan audit, st louis loan modification programs, st louis loan modifications, st louis loan reduction, st louis loans, st louis mortgage, st louis mortgage broker, st louis mortgage lending, st louis mortgage loan, st louis mortgage refinancing, st louis principal reductions, st louis refinance, st louis refinancing, TARP, underwater
Posted in st louis mortgage news | No Comments »
Sunday, April 10th, 2011
St Louis Mortgage and Real Estate News –
St Louis Mortgage and Loan Reduction News: Mortgage Market Underestimating Future Defaults?
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Compliance Advocate
Amherst Securities Group said the market is not taking into consideration the high likelihood of potential defaults on performing or re-performing mortgages when estimating future losses on these delinquent loans.
Mortgage-backed securities analysts at the fixed income dealer took a look at $1.3 trillion in outstanding non-agency mortgages from a year ago to see how they’re doing as of November 2010 according to St Louis mortgage lending sources.
They found that the $485 Billion (more…)
Tags: consumer finance, consumer lending, customer financing, delinquent loans, financing for customers, HAMP, in house financing, negative equity, principal reduction program, st louis commercial financing, St Louis commercial lending, st louis commercial loans, st louis finance, st louis foreclosures, st louis home loan mortgage, st louis home loans, st louis home mortgage, st louis lending, st louis loan audit, st louis loan modification, st louis loan modification programs, st louis loan reduction, st louis loans, st louis mortgage, st louis mortgage broker, st louis mortgage lenders, st louis mortgage lending, st louis mortgage loan, st louis mortgage news, st louis mortgage refinancing, st louis principal reductions, st louis real estate loans, st louis refinance, st louis refinancing, st louis refinancing loan
Posted in st louis mortgage news | 3 Comments »
Saturday, March 26th, 2011
St Louis Mortgage and Real Estate News –
St Louis Finance and Loan Reduction News: Home Values Fall $9 Trillion Since 2006
Home Mortgage and Commercial Loans | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia
The U.S. housing market has taken a hard hit value wise. American homes were worth about $1.7 trillion less in 2010 than they were worth in 2009, according to a report released by real estate website Zillow.
Last year’s drop in home values is 63 percent larger than the $1 trillion dip in 2009, and brings the total (more…)
Tags: consumer finance, consumer lending, customer financing, financing for customers, foreclosure stop, home values, in house financing, negative equity, principal loan reduction, principal reduction, principal reduction program, st louis commercial financing, St Louis commercial lending, st louis commercial loans, st louis finance, st louis home loans, st louis home mortgage, st louis lending, st louis loan audit, st louis loan modification programs, st louis loan reduction, st louis loans, st louis mortgage, st louis mortgage broker, st louis mortgage loan, st louis mortgage refinancing, st louis principal reductions, st louis refinance, st louis refinancing, underwater
Posted in st louis mortgage news | 1 Comment »
Saturday, February 5th, 2011
St Louis Mortgage and Real Estate News –
St Louis Principal Reduction and In-House Financing News: Foreclosures Climbed Higher In The Third Quarter of 2010
St Louis Home Mortgage and Commercial Loans | Customer Financing and Principal Reduction Program | Foreclosure Stop
314-334-0210 | Floyd Tapia, Consumer Finance Consultant
Foreclosure filings increased from last year in 133 of 206 metropolitan statistical areas tracked in the third quarter, or 65 percent, according to RealtyTrac.
The Seattle area had the highest increase. There, foreclosure filings, which include notices of default, pending cases, notices of foreclosure sale and repossessions, increased (more…)
Tags: consumer finance, consumer lending, customer financing, financing for customers, foreclosure stop, in house financing, negative equity, st louis commercial financing, St Louis commercial lending, st louis commercial loans, st louis finance, st louis foreclosures, st louis home mortgage, st louis lending, st louis loan audit, st louis loan modification programs, st louis loans, st louis mortgage, st louis principal reductions, stopping foreclosure, unemployment
Posted in st louis mortgage news | 1 Comment »
Thursday, August 26th, 2010
St Louis Mortgage and Real Estate News –
St Louis Finance News: With 20 Percent of Home Loan Owners Underwater, Will Obama Cancel These Debts?
News Hot Line: 314-334-0210 | Floyd Tapia
The national statistic for mortgage owners owing more than their house is worth is approaching 20 percent according to the real estate experts Zillow.com.
Although the overall number has (more…)
Tags: foreclosure, negative equity, st louis finance, st louis home loan, st louis home loans, st louis home mortgage, st louis lending, st louis loans, st louis mortgage, st louis mortgage broker, st louis mortgage refinancing, st louis refinance, st louis refinancing
Posted in st louis mortgage news | No Comments »
Monday, August 23rd, 2010
St Louis Mortgage and Real Estate News –
St Louis Finance News: Economists Say Almost 20 Million Underwater Mortgages By 2012
News Hot Line: 314-334-0210 | Floyd Tapia
There was recent talks by the Deutsche Bank saying more than 14 million borrowers were underwater as far as home values were concerned as of the (more…)
Tags: deficiency judgment, Fannie Mae, negative equity, non-recourse, st louis finance, st louis home loan, st louis home loans, st louis home mortgage, st louis lending, st louis loans, st louis mortgage, st louis mortgage broker, st louis mortgage refinancing, st louis refinance, st louis refinancing, underwater
Posted in st louis mortgage news | No Comments »
Wednesday, June 2nd, 2010
St Louis Mortgage Refinancing and Real Estate News –
News: Repossessions Rising As Foreclosures Soar
With foreclosures hitting an record highs in April 2010, delinquency data shows late mortgage payments (more…)
Tags: foreclosures, negative equity, repossessed, repossessions, st louis home loan, st louis home loans, st louis lending, st louis mortgage, st louis mortgage brokers, st louis mortgage news, st louis refinancing, underwater
Posted in st louis mortgage news | 1 Comment »
Sunday, May 23rd, 2010
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…)
Tags: foreclosure, HAMP, Home Affordable Modification Program, negative equity, rent, right to rent, st louis home loan, st louis home loans, st louis lending, st louis mortgage, st louis mortgage news, st louis real estate, st louis refinancing, strategic defaults
Posted in st louis mortgage news | 1 Comment »
