St Louis Loan Modification Programs: Mortgage Modifications Slow

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St Louis Mortgage and Real Estate News –

St Louis Loan Audit News: Loan Modification Programs Running Slow With Less Than Stellar Results
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program
877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending

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 Mortgage and Real Estate News –

St Louis Finance and Loan Audit News: Freddie Mac and Fannie Mae Are Saying Foreclosure Pipeline Slowing
St Louis Home Mortgage and Commercial Loans | Principal Loan Reduction Program
877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Compliance Advocate

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 Mortgage Home Loan: California Home Sales Down

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St Louis Mortgage and Real Estate News –

St Louis Loan Audit News: Home Sales Down 17 Percent
St Louis Mortgage Loans
and Commercial Lending | Principal Reduction

877-334-0210 or 314-334-0210 | Floyd Tapia, St Louis Refinancing Group News Team

California new and existing home sales totaled 33,176 in September, down 17.5 percent from a year ago and 3.1 percent from the previous month, according to the

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

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St Louis Mortgage and Real Estate News –

St Louis Loan Audit News: Taxpayers Brace For Fannie Mae and Freddie Mac Losses
St Louis Home Mortgage and Commercial Loans | Principal Reduction

877-334-0210 or 314-334-0210 | Floyd Tapia

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 Mortgage Report Predicts 20 Million Home Loans Underwater By 2012

http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/st-louis-mortga... St Louis Finance News: Economists Say Almost 20 Million Underwater Mortgages By 2012 | Residential and Commercial Lending: 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 first quarter of 2010. They went on to report that with a further 10.7 percent decline in house prices which was relative to the...

St Louis Mortgage Professionals Notice Jobless Claims Are Up

http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/st-louis-mortga... St Louis Finance News: National Jobless Claims Are On The Rise Residential and Commercial Lending: 314-334-0210 | Floyd Tapia | The month ending July 31st saw a huge increase in jobless claims. The Labor Department says there were 479,000 initial jobless claims filed which is up from 19,000 from a revised 460,000 from the third week of July. That weekly figure was the highest since April 10th, when the soaring number was...

St Louis Mortgage Lenders Hail Education Site Launched By Fannie Mae

http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/st-louis-mortga... St Louis Finance News: New Borrower Education Site Launches | Residential and Commercial Lending: 314-334-0210 | Floyd Tapia | A long awaited educational website has being launched by the home loan giant, Fannie Mae. Reports say it has been designed to educate distressed borrowers on house retention strategies and foreclosure alternatives. There will be calculators within this online education resource that will help demonstrate to homeowners...

St Louis Home Loan Community Sees Consumers Saving More But Spending Less

http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/st-louis-home-l... St Louis Finance Review: The Ironic Paradox of Being Thrifty [Residential and Commercial Lending: 314-334-0210 | Floyd Tapia] In a time where most experts would agree that it is great that consumers are acting more financially responsible, it seems to be perpetuating an already growing problem known as the “paradox of thrift.” American expenditures and personal...

St Louis Mortgage Analysts Warn States Are Going Bust

http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/st-louis-mortga... St Louis Finance News: Numerous States Are Going Broke… Again [Residential and Commercial Loans: 314-334-0210 | Floyd Tapia] A new budge report that was recently issued by the National Conference of State Legislatures listed four states that may be facing new fiscal gaps exceeding $1 billion each while another 21 states could be seeing a possible...

St Louis Home Loan Consumers Share 7 Great Home Improvement Tips

http://ukidentity.co.uk/?p=5282 St Louis Home Loan | St Louis Mortgage | 314-334-0210 | Consumers – Before you put your home on the market, make sure you read the following home improvement ideas recommended by St Louis real estate agents and how you can spruce up the old place without spending a complete fortune. 1. Hot Looking Kitchen - Depending on your budget, why not start with the less expensive type of replacements that will make your old...