St Louis Loan and Refinancing: Home Improvement Returns Low

STLTEXT, St Louis Mobile Coupons, Cell Phone Advertising and iPhone APP For Local Shopping

St Louis Mortgage and Real Estate News –

St Louis Finance and Mortgage Broker News: Home Improvements and Remodeling No Longer Pays
St Louis Home Mortgage and Commercial Loans | Principal Loan Reduction
877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Mortgage
 

 According to Remodeling magazine's 2010 Remodeling Cost versus Value survey, done in partnership with the National Association of Realtors (NAR), renovations returned a lower percentage of its costs in added home value this year than it did in 2009.

In general, anyone planning home improvements will pay a lot more for the job than they will get

Read the rest of this post »

St Louis Mortgage and Commercial Loan Modification: Lawsuits Increase

STLTEXT, St Louis Mobile Coupons, Cell Phone Advertising and iPhone APP For Local Shopping

St Louis Mortgage and Real Estate News –

St Louis Finance and Loan Audit News: Lawsuits Against Banks Increasing At Alarming Rates
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program
877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Mortgage

 At the close of the year, December 2010 brought no good news to some of the largest banks nationwide.

JPMorgan Chase, PNC Financial, and Ally Financial disclosed suits in a growing number of banks under investigation by state and federal officials for sloppy or even fraudulent foreclosure paperwork not to mention mortgage origination snafus.

All mentioned banks face lawsuits

Read the rest of this post »

Principal Reduction Program: Home Prices Dropping Again

Commercial Lending and Commercial Lenders 877-334-0210

St Louis Mortgage and Real Estate News –

St Louis Finance and Loan Modification News: Will Home Prices Drop Another 8 Percent?
St Louis Home Mortgage and Commercial Loans | Commercial Mortgage Loan
877-334-0210 or 314-334-0210 | Floyd Tapia, St Louis Loan
 

 In a shocking prediction, Fiserv, a market analytics company, has scaled back its home price projections considerably.

In February, it forecast national price gains of about 4 percent through the end of 2011 according to principal reduction program specialists.

The company's latest prediction is for

Read the rest of this post »

St Louis Home Loans: Growing Risk At Ginnie Mae

STLTEXT, St Louis Mobile Coupons, Cell Phone Advertising and iPhone APP For Local Shopping

St Louis Mortgage and Real Estate News –

St Louis Finance and Loan Modification News: Ginnie Mae Pools Raising Investor Concerns
St Louis Home Mortgage and Commercial Financing | St Louis Refinancing Loan
877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Loan Modification

Barclays Capital notes that the amount of previously delinquent and now-cured mortgages in Ginnie Mae pools are raising investor concerns.

According to St Louis home loans experts, this move is largely due to the fact that there is a higher probability of redefaults and spotty performances from individual servicers.

Ginnie Mae does not buy or sell loans or

Read the rest of this post »

St Louis Loan and Loan Reduction: Foreclosures Must Go On

Commercial Lending and Commercial Lenders 877-334-0210

St Louis Mortgage and Real Estate News –

St Louis Loan Audit and Loan Reduction News: Washington Now Says Foreclosures Must Go On
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program
877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending

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

Read the rest of this post »

St Louis Foreclosures Rose In 3rd Quarter

STLTEXT, St Louis Mobile Coupons, Cell Phone Advertising and iPhone APP For Local Shopping

St Louis Mortgage and Real Estate News –

St Louis Principal Reduction and Loan Modification News: Foreclosures Climbed Higher In The Third Quarter of 2010
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program | Foreclosure Stop

877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Reduction

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

Read the rest of this post »

St Louis Home Loan: Investors Still Recouping Mortgage Losses

STLTEXT, St Louis Mobile Coupons, Cell Phone Advertising and iPhone APP For Local Shopping

St Louis Mortgage and Real Estate News –

St Louis Finance and Loan Audit News: Investors Trying To Recoup Mortgage Losses
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program
877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Audit

Nearly 200 investors attended a meeting in New York on what was being called "Robosigners and Other Servicing Failures," said David Grais, a New York securities lawyer.

He was sponsoring the conference and currently represents two Federal Home Loan Banks that have filed lawsuits over mortgage-backed securities they own according to the St Louis home loans professionals.

It's one of several indications that

Read the rest of this post »

St Louis Mortgage Broker: Economy Makes Small Improvements

STLTEXT, St Louis Mobile Coupons, Cell Phone Advertising and iPhone APP For Local Shopping

St Louis Mortgage and Real Estate News –

St Louis Finance and Loan Audit News: The Economy Is Slowly "Muddling Along"
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program
877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Reduction

The Commerce Department said today that the economy expanded at a 2 percent annual rate in the July-September quarter.

It marked an improvement from the feeble 1.7 percent growth in the April-June quarter according to St Louis mortgage brokers. Consumers helped boost last quarter's economic growth with 2.6 percent growth in spending.

That was better than the second

Read the rest of this post »

St Louis Loan Modification Programs: Mortgage Modifications Slow

STLTEXT, St Louis Mobile Coupons, Cell Phone Advertising and iPhone APP For Local Shopping

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

Read the rest of this post »

St Louis Finance And Foreclosures: Foreclosure Pipeline Shrinking

STLTEXT, St Louis Mobile Coupons, Cell Phone Advertising and iPhone APP For Local Shopping

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

Read the rest of this post »