Posts Tagged ‘underwater’
Friday, January 21st, 2011
St Louis Mortgage and Real Estate News –
St Louis Principal Reduction and Loan Review: Mortgage Apps Are Down
Home Mortgage and Commercial Loans | Principal Reduction
877-334-0210 or 314-334-0210 | Floyd Tapia
Data from the Mortgage Banker’s Association shows home mortgage applications slumped last week as interest rates on 15- and 30-year fixed-rate mortgages rose for the first time in six weeks.
Seasonally adjusted index of mortgage applications, which includes both purchase and refinance loans, for the week ended October 15 decreased 10.5 percent.
The four-week moving average of mortgage applications, which smooths the volatile weekly figures, was up 0.4 percent.
Demand for home refinancing loans fell for the sixth time in seven weeks according to St Louis mortgage experts.
The MBA’s seasonally adjusted (more…)
Tags: st louis finance, st louis home loan, st louis home loans, st louis home mortgage, st louis lending, st louis loan audit, st louis loans, st louis mortgage, st louis mortgage broker, st louis mortgage lenders, st louis mortgage loan, st louis mortgage news, st louis mortgage refinancing, st louis principal reductions, st louis refinancing, underwater
Posted in st louis mortgage news | 4 Comments »
Monday, January 17th, 2011
St Louis Mortgage and Real Estate News –
St Louis Loan Audit News: FBI Looking At Foreclosure Fiasco
Stopping Foreclosures | Principal Reduction Program | Home Loan Modification Programs | Loan Audit | Loan Review | Forensic Audits
877-334-0210 or 314-334-0210 | Floyd Tapia
As much as the big banks want to end the mess and move on, the country NEEDS this mess to be over even more so. The problem is that it looks like it will be around for a while.
Attorney generals in all 50 states are jointly investigating whether lenders violated state laws according to St Louis principal reduction experts.
Lawyers for evicted homeowners as well as those facing foreclosure are preparing lawsuits (more…)
Tags: foreclosure stop, principal reduction, st louis commercial financing, st louis commercial loan, st louis finance, st louis foreclosures, st louis home loan modification, st louis home loans, st louis home mortgage, st louis lending, st louis loan audit, st louis loans, st louis mortgage, st louis mortgage broker, st louis mortgage news, st louis mortgage refinancing, st louis refinancing, stop foreclosure, stopping foreclosure, underwater
Posted in st louis mortgage news | 1 Comment »
Friday, December 10th, 2010
St Louis Mortgage and Real Estate News –
St Louis Loan Audit and Finance News: No Loan Modification Programs For The Jobless
Home Mortgage and Commercial Loans | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia
On November 1, 2010, new guidelines released by Fannie Mae will mean that unemployed homeowners cannot count jobless benefits as income when applying for mortgage loan modification programs on loans backed by Fannie Mae.
“We don’t want to set up borrowers to fail,” said Amy Bonitatibus, Fannie Mae spokeswoman. Fannie Mae’s announcement broadens a ban already put in place from the Treasury Department.
In July, the agency quit allowing (more…)
Tags: Fannie Mae, foreclosure stop, HAMP, loan modifications, 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 loans, st louis mortgage, st louis mortgage broker, st louis mortgage lenders, st louis mortgage news, st louis mortgage refinancing, st louis principal reductions, st louis refinancing, underwater
Posted in st louis mortgage news | No Comments »
Sunday, November 21st, 2010
St Louis Mortgage and Real Estate News –
St Louis Loan Audit News: NAR Hails Bill To Help Short Sales
Home Mortgage and Commercial Loans | Principal Reductions
877-334-0210 or 314-334-0210 | Floyd Tapia
There are several ideas on Capitol Hill that are in the works that would help homeowners who are underwater with their mortgage find that relief may be on the way (more…)
Tags: short sales, st louis finance, st louis foreclosure, st louis home loan, st louis home mortgage, st louis lending, st louis loan audit, st louis loans, st louis mortgage, st louis mortgage broker, st louis mortgage news, st louis mortgage refinancing, st louis principal reductions, st louis refinance, st louis refinancing, underwater
Posted in st louis mortgage news | No Comments »
Saturday, August 28th, 2010
St Louis Mortgage and Real Estate News –
St Louis Finance News: The Short Refinance Program From the FHA Is Not Very Effective
News Press Hot Line: 314-334-0210 | Floyd Tapia
In a surprise announcement, the United States Department of Housing and Urban Development (HUD) reported that the Federal Housing Administration (FHA) Short (more…)
Tags: FHA, HUD, st louis finance, st louis home loan, st louis home loans, st louis home mortgage, st louis home mortgage loan, 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 | 1 Comment »
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 »
Monday, July 12th, 2010
St Louis Mortgage and Real Estate News –
St Louis Mortgage News: Obama’s Mortgage Bailout Plan A Bridge Over Troubled Waters [News Hot Line: 877-334-0210 | Floyd Tapia]
The federal government recently released a report showing that more distressed homeowners have been dropped from the trial mortgage modifications so as not to (more…)
Tags: foreclosures, HAMP, Home Affordable Modification Program, St Louis commercial lending, st louis finance, st louis home loan, st louis home loans, st louis lending, st louis mortgage, st louis mortgage news, st louis refinance, st louis refinancing, trial mortgage modifications, underwater
Posted in st louis mortgage news | No Comments »
Thursday, July 8th, 2010
St Louis Mortgage and Real Estate News –
St Louis Finance News: House Republicans Demand Strong Penalties For Strategic Defaulters [News Hot Line: 877-334-0210 | Floyd Tapia]
Recent reports show that approximately 25 percent of homeowners are now underwater on their current mortgage.
With property values plummeting throughout the nation, these unfortunate consumers owe more on (more…)
Tags: FHA Reform Act, penalties, St Louis commercial lending, st louis finance, st louis home loan, st louis home mortgage, st louis lending, st louis mortgage, st louis mortgage news, st louis refinancing, strategic defaulters, underwater
Posted in st louis mortgage news | No Comments »
Monday, June 28th, 2010
St Louis Mortgage and Real Estate News –
St Louis Finance News: Economists Predict Shadow or Foreclosure Inventory Will Keep Housing Market In The Toilet [News Hot Line: 877-334-0210]
Economists, with gloomy views on the real estate market feel that continued foreclosures and an “overhang” or “shadow” in housing inventory will likely (more…)
Tags: foreclosures, loans, shadow inventory, St Louis commercial lending, st louis finance, st louis home loan, st louis home mortgage, st louis lending, st louis mortgage, st louis mortgage broker, st louis mortgage news, st louis refinancing, underwater
Posted in st louis mortgage news | 2 Comments »
Sunday, June 27th, 2010
St Louis Mortgage and Real Estate News –
News: Commercial Loans Hitting Record High Default Status for Both Investors and Banks [News Hot Line: 877-334-0210]
This downward economic spiral seems to be driving commercial mortgage defaults up and away.
This enduring mortgage fiasco is now (more…)
Tags: business loans, commercial mortgage, foreclosure, St Louis commercial lending, st louis commercial loans, st louis finance, st louis home loans, st louis lending, st louis mortgage, st louis mortgage broker, st louis refinancing, underwater
Posted in st louis mortgage news | No Comments »
