Posts Tagged ‘st louis foreclosures’

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St Louis Mortgage Broker and Consumer Finance: Mortgage Servicing Changes

Wednesday, January 4th, 2012


St Louis Mortgage and Real Estate News -

St. Louis Mortgage Refinance and In-House Financing News: Olick Reports Changes to Mortgage Servicing Coming


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


Robo-signing, lost paperwork and wrongful evictions have put mortgage servicers under the gun. Banking Committee Chairman Tim Johnson on Tuesday blamed servicers, in part, for stalling a housing recovery: ‘Homes that should move through the foreclosure process are held up because courts and (more…)

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St Louis Foreclosures and Consumer Finance: Banks Prefer Short Sales

Tuesday, January 3rd, 2012


St Louis Mortgage and Real Estate News -

St. Louis Mortgage Lending and Customer Financing Presents: Nuwire News - More Banks Now Choose Short Sales Over Foreclosures


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


Banks dealing with lengthy, complicated and frequently messy foreclosures are starting to see “short sales” as a quicker and cheaper way of getting bad loans off their books. The nation’s biggest mortgage servicers- Bank of America, JPMorgan Chase and Wells Fargo – are beginning to step up their efforts to (more…)

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St Louis Mortgage Lending and Customer Financing: Past Due Mortgages Up

Wednesday, December 28th, 2011


St Louis Mortgage and Real Estate News -

St. Louis Home Loans and In-House Financing News: DSNews.com Reports That Past-Due Mortgages Climb Above 6.5 Million


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


According to a recent report from Lender Processing Services, the number of mortgages that are delinquent or in foreclosure is at 6,538,000. The company’s assessment is based on (more…)

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St Louis Mortgage and Consumer Finance: Builder Forecasts For 2012

Tuesday, December 27th, 2011


St Louis Mortgage and Real Estate News -

St. Louis Mortgage Refinancing and Financing For Customers News: Diana Olick Reports Best Builder Bets for 2012


St Louis Home Mortgage, Customer Financing and Consumer Lending | Principal Reduction Program | 314-334-0210 | St Louis Commercial Mortgage, In-House Financing and Principal Loan Reduction


Sales of newly built homes are on track to set a new record low for this year. The street was expecting a flat to slightly down reading in July, and while the number came in at -0.7 percent, that figures in a very large (more…)

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St Louis Lending and Customer Financing: Delinquencies Rise Foreclosures Fall

Monday, December 26th, 2011


St Louis Mortgage and Real Estate News -

St. Louis Mortgage Loan and In-House Financing News: Delinquencies Rise, Foreclosures Fall in Latest MBA Mortgage


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


The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 8.44 percent of all loans outstanding as of the end of the second quarter of 2011, an increase of 12 basis points from the first quarter of 2011, and a decrease of 141 basis points from (more…)

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St Louis Home Loan and In House Financing: Foreclosure Timeline 599 Days

Monday, December 19th, 2011


St Louis Mortgage and Real Estate News -

St. Louis Mortgage Lending and Financing For Customers News: DSNews.com Reports Average Foreclosure Delinquency Is 599 Days

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


The average mortgage loan in foreclosure has been delinquent for 599 days, according to Lender Processing Services (LPS). That’s a record for the company’s regular monthly (more…)

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St Louis Mortgage Refinancing and Customer Financing: Short Sales The Choice

Saturday, December 17th, 2011


St Louis Mortgage and Real Estate News -

St. Louis Lending and In-House Financing News: More Homeowners Choosing short Sales Over Foreclosure

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


With the number of foreclosures on the market at record highs, many troubled homeowners are looking for other options to avoid the damage to their credit and to simply get out (more…)

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St Louis Mortgage Refinancing and Consumer Finance: More Foreclosures Coming

Sunday, December 11th, 2011


St Louis Mortgage and Real Estate News -

St. Louis Home Loan and Customer Financing News: Olick Reports That New Wave of Foreclosures Are On Their Way
St Louis Home Mortgage, In-House Financing and Consumer Lending | Principal Reduction Program | 314-334-0210 | St Louis Commercial Mortgage, Consumer Financing and Principal Loan Reduction


“Bank of America is ramping up its foreclosure processing, sending out far more notices of default to borrowers in August than in previous months, well over 200 percent more month-to-month. A notice of default is the first stage of the foreclosure process in non-judicial foreclosures states, that is, where (more…)

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St Louis Finance and In House Financing: West Coast Foreclosures Up

Thursday, December 8th, 2011


St Louis Mortgage and Real Estate News -

St. Louis Refinancing Loan and Consumer Financing News: Surging Foreclosures on the West Coast According to DSNews.com
St Louis Home Mortgage, Customer Financing and Consumer Lending | Principal Reduction Program | 314-334-0210 | St Louis Commercial Mortgage, Consumer Financing and Principal Loan Reduction


Foreclosure starts soared during the month of August in states along the country’s western coast, reversing what had been a declining trend over the past several months, according to (more…)

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St Louis Home Loan and Consumer Finance: Chicago Foreclosure Inventory

Thursday, November 24th, 2011


St Louis Mortgage and Real Estate News -

St. Louis Lending and Customer Financing News: Olick Reports On Chicago Foreclosure Snapshot
St Louis Home Mortgage and In-House Financing | Principal Reduction Program | 314-334-0210 | St Louis Commercial Mortgage, Consumer Lending and Principal Loan Reduction


Reports confirm that Chicago has the highest inventory of bank-owned (REO) homes of any large city in America. It also has the most homes in the foreclosure process. We tend to use state numbers, and that usually means Florida, California, Nevada, and (more…)

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