Posts Tagged ‘robo-signing’

St Louis Mortgage Broker and Customer Financing: Challenge Your Foreclosure

Tuesday, January 10th, 2012


St Louis Mortgage and Real Estate News -

St. Louis Home Loans and In-House Financing News: Olick Reports that Homeowners Challenge Your Foreclosure


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


It’s late, and it’s limited, but for borrowers who feel their homes were wrongly or inappropriately foreclosed upon in 2009 and 2010, there is now recourse. As part of a larger enforcement action (so-called ‘consent orders’) taken last April against fourteen of the nation’s largest mortgage banks/servicers following the so-called ‘robo-signing‘ scandal, the Office of the (more…)

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St Louis Finance and Customer Financing: Banks Offered A Deal

Sunday, December 18th, 2011


St Louis Mortgage and Real Estate News -

St. Louis Mortgage Broker and In-House Financing News: Banks Offered Deal

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


Big U.S. banks in talks with state prosecutors to settle claims of improper mortgage practices have been offered a deal to limit part of their legal liability in return for a multibillion dollar payment. According to five people with direct knowledge of (more…)

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St Louis Home Loan and In House Financing: Default Notices Go Up

Saturday, December 10th, 2011


St Louis Mortgage and Real Estate News -

St. Louis Mortgage Refinancing and Customer Financing News: Default Notices Spike
St Louis Home Mortgage, Consumer Financing and Consumer Lending | Principal Reduction Program | 314-334-0210 | St Louis Commercial Mortgage, Consumer Finance and Principal Loan Reduction


A recent report by RealtyTrac says first-time default notices were filed on 78,880 homes last month, marking a nine-month high and up 33 percent from July. It was the biggest increase since August 2007. But as these numbers went up, notices were (more…)

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St Louis Lending and Customer Financing: Fannie and Robo Signing Abuses

Friday, December 2nd, 2011


St Louis Mortgage and Real Estate News -

St. Louis Mortgage Refinancing and In-House Financing News: Fannie Apparently Knew About Robo-Signing In 2003
St Louis Home Mortgage, Consumer Financing and Consumer Finance | Principal Reduction Program | 314-334-0210 | St Louis Commercial Mortgage, Consumer Lending and Principal Loan Reduction

In an announcement released as of late, mortgage financing giant Fannie Mae knew about allegations of improper foreclosure practices by law firms in 2003 but did not act to (more…)

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St Louis Loan Modification: Housing Market Double Dips

Thursday, June 9th, 2011


St Louis Mortgage and Real Estate News –

St Louis Mortgage Lending and Home Loan Mortgage News: Housing Market Reports Official Double-Dip
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Reduction


Clear Capital released a report stating that home prices have double-dipped nationwide which are now lower than their March 2009 trough. It was inevitable, and it was predicted by Olick that a surge in sales of foreclosed properties and a (more…)

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St Louis Home Mortgage and Loan Reduction: Banks Want Probe Gone

Tuesday, May 31st, 2011


St Louis Mortgage and Real Estate News –

St Louis Mortgage Rates and Customer Financing News: Banks Offer $5 Billion To Close Foreclosure Probe
St Louis Home Mortgage Lending, Consumer Lending and Consumer Loans | In-House Financing | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Principal Loan Reduction


The nation’s biggest banks are willing to pay as much as $5 billion to settle claims by federal and state officials of improper mortgage-servicing practices, according to people familiar with the situation. 

The offer is considerably less than the amounts sought by state and federal officials, some of whom are (more…)

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Loan Reduction: Foreclosures Down Due to Robo-Signing

Tuesday, March 29th, 2011


St Louis Mortgage and Real Estate News –

St Louis Finance and Loan Audit News: Ironically, Robo-Signing Seems To Be Driving Foreclosures Down A Bit
Home Mortgage and Commercial Loans | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia


The number of consumers who have actually lost their homes to bank repossessions dropped even more steeply to 67,428.

That was off a whopping 28 percent from 93,236 in October 2010.

Repossessions are down approximately a third since September 2010.

The drop in total filings, which include notices of default, scheduled auctions and repossessions, followed a 4 percent decline a month earlier.

RealtyTrac CEO James Saccacio attributed the downtrend to fallout from the recent robo-signing controversy.

The robo-signing moratoriums were (more…)

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Principal Loan Reduction: Foreclosure Mess May Get Worse

Saturday, February 26th, 2011


St Louis Mortgage and Real Estate News –

St Louis Finance and FREE Loan Audit News: Foreclosure Mess Prompts Call For Stress Tests
St Louis Home Mortgage | Commercial Loans | Principal Reduction Program | 877-334-0210 or 314-334-0210


The Congressional Oversight Panel, created by Congress in 2008 to review the Treasury Department’s response to the financial crisis, issued a 125-page report detailing recent allegations that banks and loan servicers filed thousands of inaccurate documents in foreclosure cases across the country.

While the report acknowledged that the scope and the consequences of controversy remain unknown, the panel warned that the financial system could be (more…)

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