Posts Tagged ‘st louis mortgage news’

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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 Home Loan and In House Financing: HAFA Short Sales Tally

Monday, January 2nd, 2012


St Louis Mortgage and Real Estate News -

St. Louis Refinancing Loan and Financing For Customers News: 10,000 HAFA Short Sales


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


Servicers completed 10,438 short sales through the government’s Home Affordable Foreclosure Alternatives (HAFA) program since it launched in April 2010, according to the Treasury Department.

HAFA was designed to provide an incentive to servicers for completing short sales and deeds-in-lieu of foreclosure for (more…)

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St Louis Mortgage and Customer Financing: Business As Usual

Sunday, January 1st, 2012


St Louis Mortgage and Real Estate News -

St. Louis Finance and In-House Financing News: Federal Reserve Says It’s Business As Usual


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


Federal Reserve officials publicly declared it was business as usual in the face of Standard and Poor’s downgrade of U.S. government debt, but privately they acknowledged these were uncharted waters. Within 90 minutes of S&P’s decision, a joint release (more…)

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St Louis Lending and Customer Financing: Double-Dip Projected

Saturday, December 31st, 2011


St Louis Mortgage and Real Estate News -

St. Louis Mortgage Loan and In-House Financing News: Double-Dip


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


Bank of America Merrill Lynch economists say the ending of benefits for the so-called “99ers” those who have exceeded their normal benefit allotment and are on an emergency (more…)

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St Louis Mortgage Refinancing and Consumer Finance: Home Prices Decline

Friday, December 30th, 2011


St Louis Mortgage and Real Estate News -

St. Louis Finance and Customer Financing News: NAR Reports Metro Prices Mixed, State Sales Down


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


Median existing-home prices declined modestly in the second quarter with 27 percent of metropolitan areas experiencing price gains from a year ago, while state home sales declined from the second quarter of 2010, according to the latest quarterly (more…)

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St Louis Loan and In House Financing: Buying Is Cheaper Than Renting

Thursday, December 29th, 2011


St Louis Mortgage and Real Estate News -

St. Louis Home Mortgage and Customer Financing News: Buying Is Now Cheaper Than Renting


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


Now it is cheaper to buy a two-bedroom home than to rent one in most major U.S. cities. According to real estate web site Trulia, buying was cheaper than renting in 74 percent of the (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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