Posts Tagged ‘st louis home mortgage lending’

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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St Louis Loan Modification and Refinance: Record Number of REOs Sold

Monday, May 30th, 2011


St Louis Mortgage and Real Estate News –

St Louis Mortgage Broker and Consumer Lending News: Freddie Mac Sells Record Number of REOs
St Louis Home Mortgage and Customer Financing | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending, Consumer Loans and Loan Reduction


Freddie Mac sold roughly 31,000 previously foreclosed and repossessed homes in the first quarter, a new record for the company as both government-sponsored enterprises shed inventory from the end of last year. 

Combined, both Fannie Mae and Freddie hold 218,000 REO properties as of the end of the (more…)

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St Louis Home Loan and Financing: Fannie Mae Faces More Losses

Sunday, May 29th, 2011


St Louis Mortgage and Real Estate News –

St Louis Mortgage Refinancing and In-House Financing News: Fannie Mae Declares First Quarter Loss
St Louis Home Mortgage, Consumer Loans and Lending | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending, Customer Financing and Loan Reduction


Fannie Mae reported net loss of $8.7 billion in the first quarter, including a $2.2 billion dividend payment to the Treasury Department.

The loss narrowed from (more…)

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St Louis Mortgage Broker and Lending: Home Sales Up But Prices Down

Saturday, May 28th, 2011


St Louis Mortgage and Real Estate News –

St Louis Mortgage Lending and Commercial Mortgage News: NAR Reports Existing Home Sales Up But Prices Down
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending, Customer Financing and Loan Reduction


Existing home sales continued to recover in the first quarter with gains recorded in 49 states and the District of Columbia, while 22 percent of the available metropolitan areas saw prices rise from a year ago, according to the latest survey by the National Association of Realtors (NAR). 

Total state existing-home sales, including single-family and condo, rose 8.3 percent to a seasonally adjusted annual rate of 5.14 million in the first quarter from (more…)

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St Louis Refinancing and Loan: Home Values Falling

Friday, May 27th, 2011


St Louis Mortgage and Real Estate News –

St Louis Mortgage Broker and Consumer Lending News: Home Values Fall Again
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia, St Louis Commercial Lending, Customer Financing and Loan Reduction


Real estate data firm Zillow said its home value index fell 3 percent in the first three months of the year from the previous quarter, and was down (more…)

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St Louis Home Mortgage Lending: Underwater Means Drowning In Debt

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…)

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St Louis Mortgage Refinancing and Loan: Hard Line In Debt

Wednesday, May 25th, 2011


St Louis Mortgage and Real Estate News –

St Louis Home Loan and Consumer Lending News: Boehner Takes A Hard Line On Debt
St Louis Home Mortgage and Commercial Loans | In-House Financing | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending, Customer Financing and Principal Loan Reduction


House Speaker John Boehner recently indicated that he plans to hold a hard line in debt-ceiling negotiations. Among his demands: Spending cuts in exchange for support to raise the debt ceiling and the cuts will (more…)

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St Louis Mortgage Lending and Loan Reduction: Housing Storm Mending

Tuesday, May 24th, 2011


St Louis Mortgage and Real Estate News –

St Louis Home Loan and Customer Financing News: A Silver Lining To The Housing Storm – By Brett Arends
St Louis Home Mortgage and Commercial Lending | In-House Financing | 877-334-0210 or 314-334-0210 | Floyd Tapia, Consumer Lending and Principal Loan Reduction


Prices in many areas are now cheap. They have corrected a long way since the bubble began to burst five years ago. Of course, it depends on where you are.

I’m still skeptical of the real-estate markets that have held up best — prime stuff like Manhattan, San Francisco or Beverly Hills. It’s hard to get a deal there. But in the (more…)

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St Louis Loan: Bank Of America Accused Of Hiding Foreclosure Details

Thursday, May 5th, 2011


St Louis Mortgage and Real Estate News –

St Louis Mortgage Refinancing and Home Loan News: Hacker Claims Bank of America Hid Mortgage Errors
St Louis Home Mortgage and Commercial Loans | Principal Loan Reduction | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Reduction


A hacker organization known as Anonymous released on Monday a series of e-mails by a former Bank of America (BOA) employee who claims they show how a division of the bank hid foreclosure information.

The bank unit, Balboa Insurance, which deals in force-placed coverage, was acquired by Bank of America when it bought the mortgage lender Countrywide in (more…)

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St Louis Home Loan: Loan Modification Options Coming

Wednesday, May 4th, 2011


St Louis Mortgage and Real Estate News –

St Louis Mortgage Refinancing and Lending News: More Loan Modification Options Coming
St Louis Home Mortgage and Commercial Loans | Commercial Loan Modification | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Reduction


Six months after the Federal Housing Administration (FHA) announced an $11 billion refinancing initiative for these “underwater” borrowers, nearly two dozen lenders have agreed to take part in a new loan modification program.

The FHA program called Short Refi requires major concessions from lenders, which must agree to (more…)

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