Foreclosure Stop St Louis: Title Insurers Forego Guarantees

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St Louis Loan Audit and Foreclosure Stop News: Title Insurers Fore-go Guarantees On Paperwork Accuracy
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Title insurers are voicing their confidence in mortgage servicers’ ability to correct foreclosure paperwork problems.

They’ve decided not to require banks to consent to agreements vouching for the validity of foreclosure

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St Louis Commercial Mortgage: Commercial Foreclosures Up 39 Percent

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St Louis Loan Audit and Principal Reduction News: Commercial Foreclosures Up 39 Percent In Dallas-Fort Worth Areas
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Foreclosure postings filed on commercial real estate in the Dallas-Fort Worth (D-FW) metro area are at their highest point in 19 years, according to Foreclosure Listing Service, with postings up 39 percent compared to the first 11 months of 2009.

From January through Tuesday’s November foreclosure auctions, 3,029 postings have been filed on commercial properties in D-FW compared to just 2,173 for the year-ago period according to St Louis commercial mortgage experts.

The postings include all types of commercial real estate, including retail centers, office buildings,

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St Louis Loan and Loan Reduction: Foreclosures Must Go On

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St Louis Loan Audit and Loan Reduction News: Washington Now Says Foreclosures Must Go On
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Over 12 months ago, officials focused on stopping the foreclosure tide. Now they are touting the need for foreclosures to rebuild the housing market.

Last week Phyllis Caldwell, head of the Treasury Department's Homeownership Preservation Office, told a congressional panel that "an important part of ensuring

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St Louis Foreclosures Rose In 3rd Quarter

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St Louis Principal Reduction and Loan Modification News: Foreclosures Climbed Higher In The Third Quarter of 2010
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Foreclosure filings increased from last year in 133 of 206 metropolitan statistical areas tracked in the third quarter of 2010, or 65 percent, according to RealtyTrac.

The Seattle area had the highest increase. There, foreclosure filings, which include notices of default, pending cases, notices of foreclosure sale and repossessions, increased

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St Louis Loan Modification Programs: Mortgage Modifications Slow

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St Louis Loan Audit News: Loan Modification Programs Running Slow With Less Than Stellar Results
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There were 28,000 permanent mortgage loan modifications reported in September 2010 under the Home Affordable Modification Program, better known as HAMP. That's down from more than 33,000 in August.

A total of 495,898 borrowers have received permanent loan modifications since HAMP was

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St Louis Finance And Foreclosures: Foreclosure Pipeline Shrinking

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St Louis Finance and Loan Audit News: Freddie Mac and Fannie Mae Are Saying Foreclosure Pipeline Slowing
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Freddie Mac, one of the two government-owned entities that finance about half of all U.S. mortgages, says that homes are taking as long as eight months to work their way through its foreclosure pipeline which is two months longer than was typical before this mortgage crisis began according to Liberty Lending Consultants, a St Louis mortgage company.

What is interesting is that the delay is the result of more borrowers staying in their homes for months after foreclosure proceedings have begun, requiring Freddie Mac to

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St Louis Lending: Billions Lost By Fannie Mae and Freddie Mac

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St Louis Loan Audit News: Taxpayers Brace For Fannie Mae and Freddie Mac Losses
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Consumers are now worried that bailing out Fannie Mae and Freddie Mac will cost them about $154 billion under the most likely scenario for home prices, the mortgage giants' regulator recently announced.

But the bill could end up much greater nearly twice the $135 billion already spent if grimmer projections prove true and the economy slides back into a double-dip

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St Louis Foreclosures: Bank Of America Resumes Foreclosures

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St Louis Loan Audit News: Bank of America Resumes Foreclosures In 23 States
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Bank of America reviewed 102,000 foreclosures in the 23 states where a court must sign off on the proceedings, and it has restarted the process on those cases, the company recently said.

The company said the first of the new affidavits had to be submitted by October 25, and that it

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St Louis Commercial Mortgage: Retail Sales Up

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St Louis Commercial Financing News: Retail Sales Up For Now
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The Commerce Department said total retail sales rose 0.6 percent from the previous month to $367.7 billion, compared with August's upwardly revised 0.7 percent jump.

Economists surveyed by Briefing.com had anticipated that September sales would

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Principal Reduction St Louis: Foreclosures Taken Seriously

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St Louis Loan Audit News: Bernanke Says He Is Now Taking Foreclosure Problems More Seriously
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I imagine that the country in general is happy to hear this especially those who are actively seeking a principal loan reduction through a FREE loan audit in order to keep their homes according to St Louis mortgage brokers.

Federal Reserve Chairman Ben Bernanke said recently that a federal agency review of foreclosure procedures at the nation's largest mortgage servicers should be

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