stlouismortgage's posterous http://stlouismortgage.posterous.com Most recent posts at stlouismortgage's posterous posterous.com Tue, 14 Jun 2011 06:01:00 -0700 St Louis Mortgage Lending and Refinance: Is HAMP Another Failure http://stlouismortgage.posterous.com/st-louis-mortgage-lending-and-refinance-is-ha http://stlouismortgage.posterous.com/st-louis-mortgage-lending-and-refinance-is-ha

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St Louis Mortgage and Real Estate News –

St Louis Lending and Loan Audit News: HAMP Is A Single Failure According To Institutional Experts
St Louis Home Mortgage and Commercial Mortgage Loans | Principal Loan Reduction Program
877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Modification Consultant

Since mid-December of 2010, the Home Affordable Modification Program (HAMP) had processed approximately 520,000 permanent loan modifications.

The panel estimated that by the time the program is finished, it will have prevented only 700,000 foreclosures over all which is quite a contrast to the three million to

four million loan modifications that the Treasury anticipated when it rolled out its plan.

Experts are now saying that up to 13 million foreclosures are expected to occur by 2012.

Tim Massad, acting assistant Treasury secretary for financial stability, attributed the program’s results to three things: “The eligibility pool is smaller than we originally thought, and it has been much more difficult to contact borrowers,” he said.

He continues: “Third, the banks have not executed these programs very well.”

Kurt Eggert, a professor at Chapman University School of Law in Orange, California, said: “I think it’s clear that while HAMP was well-intentioned, it hasn’t delivered nearly enough. I think a big part of the problem is that nobody is effectively holding servicers’ feet to the fire to say, ‘Where are the loan mods that you should be delivering that help both borrowers and investors?’”

Most loan modification programs, if they can be wrangled out of lenders at all, reduce the interest rate only slightly and tack onto the mortgage all the late fees, legal fees and other questionable costs that have accrued in the foreclosure stop process.

This in the long run simply adds to the debt that borrowers must repay.

“While focusing on the safety and soundness of banking institutions, regulators have focused too little on protecting borrowers from abusive practices,” says Mr. Eggert, a law professor.

=============================================

Articles and News Sponsored by Liberty Lending Consultants

When applying for any type of St Louis mortgage or refinancing, call Liberty Lending Consultants, the recognized St Louis home loan and refinancing experts, at (314) 336-9111 and ask for Steve Swan or Doug Stahlschmidt.

Business Owners: Call us at (314) 334-0210 and retain us for one of the best commercial loan modification and principal loan reduction programs available. A principal reduction or loan modification can help if you are underwater with negative equity. As commercial lending and loan modification program consultants, Floyd Tapia and his lending and legal team can focus on bringing you innovative private lending solutions to meet all types of financing needs. We have access to the largest portfolio of private lending institutions and investor backed funding sources available. Let us turn your challenges into closings (or from being underwater equity wise) and help you get a St Louis commercial lending, mortgage or financing loan.

Sponsored by: St Louis Mortgage, Lending and Refinancing 877-334-0210 Member of the Better Business Bureau Check back daily for more financial news.

We Are Now On Google Maps!

St Louis Mortgage: Scan the below code with your smartphone for more details on the best home mortgage, commercial lending and financing and the best principal reduction program available.

 
To "read" the boxy black-and-white bar code above, you'll need a smartphone. If you need a reader APP, you can => Download a QR code APP reader here.

=============================================

ARE YOU UPSIDE DOWN ON YOUR HOME?
ARE YOU FACING FORECLOSURE?

What if you could substantially reduce your existing mortgage debt balance in as little as 90 days with one simple application or even get a reduced mortgage principal settlement due to common errors found in 85% of mortgages?

Principal Reduction Program: Watch These Shocking Mortgage Fraud Videos...

You can save your home or business and put a foreclosure stop on the process. A principal reduction or loan modification can also help if you are underwater with negative equity.

Take action now in order to save your home. Waiting will not help. It will only make your situation worse. This book shown below will take you step-by-step on how to properly fix your mortgage.

Visit our principal reduction and loan reduction website for your FREE loan audit and loan review today!

Before you hire an expensive attorney, do your due diligence first and educate yourself so that you make the right decision for you and your family.

Permalink | Leave a comment  »

]]>
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Mon, 13 Jun 2011 06:46:00 -0700 Principal Loan Reduction: Law Designed To Protect Consumers And Their Homes Backfires http://stlouismortgage.posterous.com/principal-loan-reduction-law-designed-to-prot http://stlouismortgage.posterous.com/principal-loan-reduction-law-designed-to-prot

Commercial Lending and Commercial Lenders 877-334-0210

St Louis Mortgage and Real Estate News –

St Louis Mortgage Lending and Loan Reduction News: California Loan Modification Law Backfires On Homeowners While Helping Banks St Louis Home Mortgage and Commercial Loans | Principal Reduction Program
877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Loan Modification and Refinance

It seems there is no stop to how banks have surprisingly prospered monetarily through this horrible mortgage crisis.

Let's start with the exorbitant bailouts they received and kept and move forward to the blind assistance of the new idiotic law in place in California.

Sad to say, more and more lawyers throughout California say they have no choice but to reject clients looking for representation in mortgage loan modification cases because

of this new state law that sharply restricts how they can be paid.

Under the measure, passed overwhelmingly by the State Legislature and backed by the state bar association who in essence tied their own members' hands, lawyers and loan compliance consultants who work on loan modifications cannot receive any money until the work is complete.

The bar association says that under the (misguided) law, clients cannot even put retainers in trust accounts.

The law, which has few parallels in other states, was devised to eliminate swindlers in which modification firms made promises about what their lawyers could do, charged hefty fees and then disappeared.

But foreclosure specialists say there has been an unintended consequence and that is the honest lawyers and loan mod companies can no longer afford to assist people who feel helpless on account of lenders that they see as elusive, unyielding and skilled at losing paperwork.

The revelations three months ago that large banks were sloppy and negligent in preparing foreclosure documents underscore just how important it is for distressed homeowners to have legal representation, lawyers and consumer advocates are saying.

Homeowners whose cases were handled improperly have little way of knowing how bad their situation actually is.

Even if they were to find out, they would be hard-pressed to challenge a lender without utilizing a knowledgeable lawyer.

“Consumers just don’t know what is going on,” said Walter Hackett, a former banker who is now a lawyer for a nonprofit service in Riverside.

He continues: “They get a piece of paper saying they are going to lose their homes and they freak out.”

The problem for lawyers is that even a simple loan modification, in which the loan is restructured so the borrower can afford the monthly payments, is a timely marathon, putting off their payday for months if not years.

If the bank refuses to come to terms, the client may have to file for bankruptcy in which case the lawyer will never be paid. This is clearly unfair.

Many experts are saying that the banks were also quietly behind this legal maneuver in California as they do not want to have to deal with legal experts as they try to help these confused homeowners.

This unfortunate backlash and legal snafu has now given most banks (a.k.a institutional swindlers as some would say) "carte blanche" as in full powers in doing whatever they feel is advantageous for themselves and clearly not for the poor homeowner.

=============================================

Articles and News Sponsored by Liberty Lending Consultants

When applying for any type of St Louis mortgage or refinancing, call Liberty Lending Consultants, the recognized St Louis home loan and refinancing experts, at (314) 336-9111 and ask for Steve Swan or Doug Stahlschmidt.

Business Owners: Call us at (314) 334-0210 and retain us for one of the best commercial loan modification and principal loan reduction programs available. A principal reduction or loan modification can help if you are underwater with negative equity. As commercial lending and loan modification program consultants, Floyd Tapia and his lending and legal team can focus on bringing you innovative private lending solutions to meet all types of financing needs. We have access to the largest portfolio of private lending institutions and investor backed funding sources available. Let us turn your challenges into closings (or from being underwater equity wise) and help you get a St Louis commercial lending, mortgage or financing loan.

Sponsored by: St Louis Mortgage, Lending and Refinancing 877-334-0210 Member of the Better Business Bureau Check back daily for more financial news.

We Are Now On Google Maps!

St Louis Mortgage: Scan the below code with your smartphone for more details on the best home mortgage, commercial lending and financing and the best principal reduction program available.

 
To "read" the boxy black-and-white bar code above, you'll need a smartphone. If you need a reader APP, you can => Download a QR code APP reader here.

=============================================

ARE YOU UPSIDE DOWN ON YOUR HOME?
ARE YOU FACING FORECLOSURE?

What if you could substantially reduce your existing mortgage debt balance in as little as 90 days with one simple application or even get a reduced mortgage principal settlement due to common errors found in 85% of mortgages?

Principal Reduction Program: Watch These Shocking Mortgage Fraud Videos...

You can save your home or business and put a foreclosure stop on the process. A principal reduction or loan modification can also help if you are underwater with negative equity.

Take action now in order to save your home. Waiting will not help. It will only make your situation worse. This book shown below will take you step-by-step on how to properly fix your mortgage.

Visit our principal reduction and loan reduction website for your FREE loan audit and loan review today!

Before you hire an expensive attorney, do your due diligence first and educate yourself so that you make the right decision for you and your family.

Permalink | Leave a comment  »

]]>
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Fri, 10 Jun 2011 06:49:00 -0700 Loan Reduction and St Louis Loans: Foreclosures Down Due to Robo-Signing http://stlouismortgage.posterous.com/loan-reduction-and-st-louis-loans-foreclosure http://stlouismortgage.posterous.com/loan-reduction-and-st-louis-loans-foreclosure

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St Louis Mortgage and Real Estate News –

St Louis Finance and Loan Audit News: Ironically, Robo-Signing Seems To Be Driving Foreclosures Down A Bit
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program
877-334-0210 or 314-334-0210 | Floyd Tapia, St Louis Loan Modification
 

The number of consumers who have actually lost their homes to bank repossessions dropped even more steeply to 67,428.

That was off a whopping 28 percent from 93,236 in October 2010.

Repossessions are down approximately a third since September 2010.

The drop in total filings, which include notices of default, scheduled auctions and repossessions, followed a 4 percent decline a month earlier.

RealtyTrac CEO James Saccacio attributed the downtrend to fallout from the recent robo-signing controversy.

The robo-signing moratoriums were

responsible for the lion's share of the decrease in November 2010 filings, said Rick Sharga, spokesman for RealtyTrac.

"I wish the report was actually good news," he said. "But it's just an artificial drop. For most borrowers in foreclosure, it will be a temporary reprieve."

As evidence, Sharga pointed out that in judicial foreclosure states, ones where courts are involved and where banks are most vulnerable to scrutiny over their foreclosure practices.

In these instances, filings dropped substantially more than in states where courts do not usually participate in foreclosure actions.

There were 34 percent fewer auctions scheduled in judicial states, month-over-month, compared with a 7 percent decline in non-judicial states.

"Even that small drop was probably driven by an excess of caution among the banks," Sharga said.

The temporary freezes likely won't benefit many homeowners, he added: "Most will still lose their homes."

He continues: "There will probably be a few people who will use the extra time to negotiate loan modifications or do a short sale."

The industry has dubbed the four leading foreclosure states of the past few years, Arizona, California, Florida, and Nevada, as the "sand states" because they all have extensive areas of beaches or desert.

Now, a fifth sand state has joined their ranks. Utah recorded one filing for every 222 housing units during the month, second only to Nevada (one for every 99).

California (one for every 233), Arizona (one for every 262) and Florida (one for every 267) round out the top five.

Among the nation's metro areas, Las Vegas, Nevada leads the pack.

Seven interior California cities are in the top ten, plus Reno, Nevada, is at number eight and Port St. Lucie, Florida, is at number ten.

=============================================

Articles and News Sponsored by Liberty Lending Consultants

When applying for any type of St Louis mortgage or refinancing, call Liberty Lending Consultants, the recognized St Louis home loan and refinancing experts, at (314) 336-9111 and ask for Steve Swan or Doug Stahlschmidt.

Business Owners: Call us at (314) 334-0210 and retain us for one of the best commercial loan modification and principal loan reduction programs available. A principal reduction or loan modification can help if you are underwater with negative equity. As commercial lending and loan modification program consultants, Floyd Tapia and his lending and legal team can focus on bringing you innovative private lending solutions to meet all types of financing needs. We have access to the largest portfolio of private lending institutions and investor backed funding sources available. Let us turn your challenges into closings (or from being underwater equity wise) and help you get a St Louis commercial lending, mortgage or financing loan.

Sponsored by: St Louis Mortgage, Lending and Refinancing 877-334-0210 Member of the Better Business Bureau Check back daily for more financial news.

We Are Now On Google Maps!

St Louis Mortgage: Scan the below code with your smartphone for more details on the best home mortgage, commercial lending and financing and the best principal reduction program available.

  To "read" the boxy black-and-white bar code above, you'll need a smartphone. If you need a reader APP, you can => Download a QR code APP reader here.

=============================================

ARE YOU UPSIDE DOWN ON YOUR HOME?
ARE YOU FACING FORECLOSURE?

What if you could substantially reduce your existing mortgage debt balance in as little as 90 days with one simple application or even get a reduced mortgage principal settlement due to common errors found in 85% of mortgages?

Principal Reduction Program: Watch These Shocking Mortgage Fraud Videos...

You can save your home or business and put a foreclosure stop on the process. A principal reduction or loan modification can also help if you are underwater with negative equity.

Take action now in order to save your home. Waiting will not help. It will only make your situation worse. This book shown below will take you step-by-step on how to properly fix your mortgage.

Visit our principal reduction and loan reduction website for your FREE loan audit and loan review today!

Before you hire an expensive attorney, do your due diligence first and educate yourself so that you make the right decision for you and your family.

Permalink | Leave a comment  »

]]>
http://files.posterous.com/user_profile_pics/873976/floyd-tapia.JPG http://posterous.com/users/ZyBTI1EOM4p Floyd Tapia stlouismortgage Floyd Tapia
Thu, 02 Jun 2011 19:58:00 -0700 Loan Reduction and St Louis Mortgage Refinancing: 1.5 Million Loan Modifications http://stlouismortgage.posterous.com/loan-reduction-and-st-louis-mortgage-refinanc http://stlouismortgage.posterous.com/loan-reduction-and-st-louis-mortgage-refinanc

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St Louis Mortgage and Real Estate News –

Principal Reduction and Loan Audit News: Private Mortgage Modifications Sitting At 1.53 million
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program
877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Financing Loan
 

Hope Now, a private sector mortgage alliance, said the mortgage industry has completed more than 1.53 million permanent loan modifications for homeowners from January through October, as St. Louis foreclosure suspensions affected foreclosure sales and starts.

For October, mortgage servicers

completed about 101,000 proprietary loan modifications and 24,000 Home Affordable Modification Program, or HAMP, modifications for an estimated total of 125,000.

"There were anomalies in the October data that affected 60-day plus delinquency, as well as foreclosure, metrics which we believe may be largely attributed to widespread foreclosure delays across the country," said Faith Schwartz, executive director of Hope Now.

Several large mortgage servicers nationwide delayed foreclosures in light of the robo-signing controversy.

Hope Now said foreclosure starts dropped 16 percent to 205,000 and sales were down more than 41 percent 69,000, respectively while the number of homeowners more than 60 days delinquent increased slightly to 3.4 million. Here are the highlights:

- Proprietary loan modification programs decreased by 117,000 in September compared to 101,000 in October.
- 60-plus days delinquencies increased to 3.4 million in October compared to 3.2 million in September.
- Foreclosure starts decreased from 245,000 in September to 205,000 in October.
- Completed foreclosure sales decreased from 118,000 in September to 69,000 in October.
- Loan modifications outpaced foreclosure sales in October 125,000 to 69,000.

=============================================

Articles and News Sponsored by Liberty Lending Consultants

When applying for any type of St Louis mortgage or refinancing, call Liberty Lending Consultants, the recognized St Louis home loan and refinancing experts, at (314) 336-9111 and ask for Steve Swan or Doug Stahlschmidt.

Business Owners: Call us at (314) 334-0210 and retain us for one of the best commercial loan modification and principal loan reduction programs available. A principal reduction or loan modification can help if you are underwater with negative equity. As commercial lending and loan modification program consultants, Floyd Tapia and his lending and legal team can focus on bringing you innovative private lending solutions to meet all types of financing needs. We have access to the largest portfolio of private lending institutions and investor backed funding sources available. Let us turn your challenges into closings (or from being underwater equity wise) and help you get a St Louis commercial lending, mortgage or financing loan.

Sponsored by: St Louis Mortgage, Lending and Refinancing 877-334-0210 Member of the Better Business Bureau Check back daily for more financial news.

We Are Now On Google Maps!

St Louis Mortgage: Scan the below code with your smartphone for more details on the best home mortgage, commercial lending and financing and the best principal reduction program available.

 
To "read" the boxy black-and-white bar code above, you'll need a smartphone. If you need a reader APP, you can => Download a QR code APP reader here. =============================================

ARE YOU UPSIDE DOWN ON YOUR HOME?
ARE YOU FACING FORECLOSURE?

What if you could substantially reduce your existing mortgage debt balance in as little as 90 days with one simple application or even get a reduced mortgage principal settlement due to common errors found in 85% of mortgages?

Principal Reduction Program: Watch These Shocking Mortgage Fraud Videos...

You can save your home or business and put a foreclosure stop on the process. A principal reduction or loan modification can also help if you are underwater with negative equity. Take action now in order to save your home.

Waiting will not help. It will only make your situation worse. This book shown below will take you step-by-step on how to properly fix your mortgage.

Visit our principal reduction and loan reduction website for your FREE loan audit and loan review today!

Before you hire an expensive attorney, do your due diligence first and educate yourself so that you make the right decision for you and your family.

This book will help you immensely in clarifying what to do and when to do it so that you are successful in this endeavor. Only then can you make the best decision. Click on the book. Read this book.

 60 Minute Loan Modification Programs
This "do-it-yourself" 60 Minute Loan Modification Program has literally saved the homes of thousands of consumers. This is what all homeowners need to help them smoothly proceed through this legal and complicated process.

Permalink | Leave a comment  »

]]>
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Sat, 28 May 2011 04:30:00 -0700 St Louis Home Mortgage Lending: Foreclosure Epidemic Scares Home Buyers http://stlouismortgage.posterous.com/st-louis-home-mortgage-lending-foreclosure-ep http://stlouismortgage.posterous.com/st-louis-home-mortgage-lending-foreclosure-ep

Commercial Lending and Commercial Lenders 877-334-0210

St Louis Mortgage and Real Estate News –

St Louis Loan Audit and Finance News: Foreclosure Fiasco Scares Off Potential Home Buyers
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program
877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Mortgage and Lending
 

The ongoing controversy surrounding foreclosures is taking its toll as home buyers refused to look at distressed properties in October, and foreclosure sales suffered from delays, according to the latest Campbell/Inside Mortgage Finance Monthly Survey.

Both the share of home purchases involving distressed properties and average prices for foreclosed

properties fell last month, the survey found.

News reports that major servicers were pulling REOs off the market, including some already under contract, spooked would-be home buyers.

The monthly survey found that 14 percent of owner-occupant home buyers and 6 percent of investors refused to view foreclosed properties in October.

Homebuyer fear was worse for short-sale properties where 30 percent of owner-occupant buyers, and 20 percent of investors refused to view these homes.

Servicing problems disrupted both short sales and REO sales.

Survey results show that 24 percent of closings scheduled for October were delayed or canceled due to issues with short sales, while 12 percent were delayed or canceled due to REO title issues.

Although distressed properties have dominated home sales for much of 2010, recent foreclosure problems helped trigger a dip in their share of the market last month, according to the survey.

In October, distressed properties accounted for 44.3 percent of transactions tracked in the latest survey which was down from 47.5 percent in September.

"It's clear that decreased home buyer demand for distressed properties has resulted in lower prices," said Thomas Popik, research director for Campbell Surveys.

"With the foreclosure 'fraud' issue still out there, buyers are skeptical to purchase a REO. Until the fraud mess gets cleared up, most of our clients are second guessing their interest in REO properties," reported a Florida real estate agent responding in the latest survey.

=============================================

Articles and News Sponsored by Liberty Lending Consultants

When applying for any type of St Louis mortgage or refinancing, call Liberty Lending Consultants, the recognized St Louis home loan and refinancing experts, at (314) 336-9111 and ask for Steve Swan or Doug Stahlschmidt.

Business Owners: Call us and retain us for one of the best commercial loan modification and principal loan reduction programs available. A principal reduction or loan modification can help if you are underwater with negative equity. As commercial lending and loan modification program consultants, Floyd Tapia and his lending and legal team can focus on bringing you innovative private lending solutions to meet all types of financing needs. We have access to the largest portfolio of private lending institutions and investor backed funding sources available. Let us turn your challenges into closings (or from being underwater equity wise) and help you get a St Louis commercial lending, mortgage or financing loan.

Sponsored by: St Louis Mortgage, Lending and Refinancing 877-334-0210 Member of the Better Business Bureau Check back daily for more financial news.

We Are Now On Google Maps!

St Louis Mortgage: Scan the below code with your smartphone for more details on the best home mortgage, commercial lending and financing and the best principal reduction program available.

 
To "read" the boxy black-and-white bar code above, you'll need a smartphone. If you need a reader APP, you can => Download a QR code APP reader here.

=============================================

ARE YOU UPSIDE DOWN ON YOUR HOME?
ARE YOU FACING FORECLOSURE?

What if you could substantially reduce your existing mortgage debt balance in as little as 90 days with one simple application or even get a reduced mortgage principal settlement due to common errors found in 85% of mortgages?

Principal Reduction Program: Watch These Shocking Mortgage Fraud Videos...

You can save your home or business and put a foreclosure stop on the process. A principal reduction or loan modification can also help if you are underwater with negative equity.

Visit our principal reduction and loan reduction website for your FREE loan audit and loan review today!

Take action now in order to save your home. Waiting will not help. It will only make your situation worse. This book shown below will take you step-by-step on how to properly fix your mortgage. Before you hire an expensive attorney, do your due diligence first and educate yourself so that you make the right decision for you and your family. This book will help you immensely in clarifying what to do and when to do it so that you are successful in this endeavor. Only then can you make the best decision. Click on the book. Read this book. 60 Minute Loan Modification Programs
This "do-it-yourself" 60 Minute Loan Modification Program has literally saved the homes of thousands of consumers. This is what all homeowners need to help them smoothly proceed through this legal and complicated process.

Permalink | Leave a comment  »

]]>
http://files.posterous.com/user_profile_pics/873976/floyd-tapia.JPG http://posterous.com/users/ZyBTI1EOM4p Floyd Tapia stlouismortgage Floyd Tapia
Thu, 12 May 2011 07:09:00 -0700 Foreclosure Stop St Louis: Title Insurers Forego Guarantees http://stlouismortgage.posterous.com/foreclosure-stop-st-louis-title-insurers-fore http://stlouismortgage.posterous.com/foreclosure-stop-st-louis-title-insurers-fore

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St Louis Mortgage and Real Estate News –

St Louis Loan Audit and Foreclosure Stop News: Title Insurers Fore-go Guarantees On Paperwork Accuracy
St Louis Home Mortgage and Commercial Loans | Principal Loan Reduction Program 
877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Financing
 

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

documentation, after talks between the two industry groups reportedly fell through this week surrounding large-scale indemnity arrangements to cover insurers in the event of title claims.

Last week, Fidelity National Financial said it would begin requiring lenders to provide the company with an indemnity agreement that guarantees the accuracy of their foreclosure documentation before insuring the title of a repossessed home.

But the company has rescinded this requirement because of what it called servicers’ “heightened review” of foreclosure processing and legal procedures.

Dennis Gilmore, CEO of First American Financial had told the Wall Street Journal that his company had come to the conclusion that requiring banks to indemnify the title insurer from possible documentation errors was unnecessary “given the actions taken by lenders to remediate deficiencies and to improve their processes going forward.”

Stewart Title Guaranty said in a statement to its investors Thursday that it “stands ready to issue title insurance to purchasers of foreclosed properties from institutional lenders representing that they have followed all applicable legal processes.”

==================================================

ARE YOU UPSIDE DOWN ON YOUR HOME?
ARE YOU FACING FORECLOSURE?

What if you could substantially reduce your existing mortgage debt balance in as little as 90 days with one simple application or even get a reduced mortgage principal settlement due to common errors found in 85% of mortgages?

Principal Reduction Program: Watch These Shocking Mortgage Fraud Videos...

You can save your home or business and put a foreclosure stop on the process. A principal reduction or loan modification can also help if you are underwater with negative equity.

Visit our principal reduction and loan reduction website for your FREE loan audit and loan review today!

Take action now in order to save your home. Waiting will not help. It will only make your situation worse. This book shown below will take you step-by-step on how to properly fix your mortgage. Before you hire an expensive attorney, do your due diligence first and educate yourself so that you make the right decision for you and your family. This book will help you immensely in clarifying what to do and when to do it so that you are successful in this endeavor. Only then can you make the best decision. Click on the book. Read this book.60 Minute Loan Modification Programs
This "do-it-yourself" 60 Minute Loan Modification Program has literally saved the homes of thousands of consumers. This is what all homeowners need to help them smoothly proceed through this legal and complicated process.

==================================================

Articles and News Sponsored by Liberty Lending Consultants

When applying for any type of St Louis mortgage, call Liberty Lending Consultants, the recognized St Louis home loan and refinancing experts, at (314) 336-9111 and ask for Steve Swan or Doug Stahlschmidt.

For a loan modification, visit one of the best Loan Reduction or Principal Loan Reduction Programs. A principal reduction or loan modification can help if you are underwater with negative equity. Don't wait any longer. You are not alone. The above best seller book entitled "60 Minute Loan Modification Workbook" will help you do this yourself or at least educate you on whether you should hire an attorney or not.

Business Owners: As a commercial lending and principal reduction program consultant, Floyd Tapia and his team can focus on bringing you innovative private lending solutions to meet all types of financing needs. We have access to the largest portfolio of private lending institutions and investor backed funding sources available. Let us turn your challenges into closings and help you get a St Louis commercial lending or financing loan.

Sponsored by: St Louis Mortgage, Lending and Refinancing 877-334-0210 Member of the Better Business Bureau Check back daily for more financial news.


We Are Now On Google Maps!

St Louis Mortgage: Scan Code With Your Smartphone For More Details On Home Mortgage, Commercial Lending and Financing and the Best Principal Reduction Program Available.

To "read" the boxy black-and-white bar code above, you'll need a smartphone. If you need a reader APP, you can => Download a QR code APP reader here.

Permalink | Leave a comment  »

]]>
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Fri, 06 May 2011 11:11:00 -0700 St Louis Foreclosures Rose In 3rd Quarter http://stlouismortgage.posterous.com/st-louis-foreclosures-rose-in-3rd-quarter http://stlouismortgage.posterous.com/st-louis-foreclosures-rose-in-3rd-quarter

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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 71 percent from the third quarter of 2009.

Chicago was second with a 35 percent increase followed by Houston, Texas at 26 percent.

California, Florida, Nevada and Arizona accounted for 19 of the top-20 foreclosure rates in the country.

The only exception was Boise City, Idaho, which was 14th according to St Louis loan audit experts.

In the west, Las Vegas, Nevada posted the highest rate in the third quarter, where one in every 25 housing units received a filing, more than five times the national average. The 32,288 filings is down 20 percent from last year.

Cape Coral-Fort Meyers, Florida was second with a one in 35 foreclosure rate. Filings there reached 10,352, down 22 percent.

One in 36 houses in Modesto, California received a filing in the third quarter for the third highest rate, but it was an 18 percent drop from a year ago.

Once again Miami, Florida posted the highest total number of foreclosures in the third quarter, at more than 58,600 filings. It's an increase of 9 percent from last year and up 25 percent from the previous quarter.  

“The underlying problems that are causing homeowners to miss their mortgage payments are high unemployment, underemployment, toxic loans and negative equity which are continuing to plague most local housing markets,” said James Saccacio, CEO of RealtyTrac.

He goes on to say: “And these historically high foreclosure rates will continue until those problems are resolved.”

==================================================

ARE YOU UPSIDE DOWN ON YOUR HOME?
ARE YOU FACING FORECLOSURE?

What if you could substantially reduce your existing mortgage debt balance in as little as 90 days with one simple application or even get a reduced mortgage principal settlement due to common errors found in 85% of mortgages?

Principal Reduction Program: Watch These Shocking Mortgage Fraud Videos...

You can save your home or business and put a foreclosure stop on the process. A principal reduction or loan modification can also help if you are underwater with negative equity.

 

Visit our principal reduction and loan reduction website for your FREE loan audit and loan review today!

Take action now in order to save your home. Waiting will not help. It will only make your situation worse. This book shown below will take you step-by-step on how to properly fix your mortgage. Before you hire an expensive attorney, do your due diligence first and educate yourself so that you make the right decision for you and your family. This book will help you immensely in clarifying what to do and when to do it so that you are successful in this endeavor. Only then can you make the best decision. Click on the book. Read this book. 60 Minute Loan Modification Programs

This "do-it-yourself" 60 Minute Loan Modification Program has literally saved the homes of thousands of consumers. This is what all homeowners need to help them smoothly proceed through this legal and complicated process.

==================================================

Articles and News Sponsored by Liberty Lending Consultants

When applying for any type of St Louis mortgage, call Liberty Lending Consultants, the recognized St Louis home loan and refinancing experts, at (314) 336-9111 and ask for Steve Swan or Doug Stahlschmidt.

For a loan modification, visit one of the best Loan Reduction or Principal Reduction Programs. A principal reduction or loan modification can help if you are underwater with negative equity. Don't wait any longer. You are not alone. The above best seller book entitled "60 Minute Loan Modification Workbook" will help you do this yourself or at least educate you on whether you should hire an attorney or not. Bad credit is not a problem.  

Business Owners: As a commercial lending and principal reduction program consultant, my team can focus on bringing you innovative private lending solutions and if necessary can provide a FREE commercial or home mortgage loan audit to meet all types of financing needs. I have access to the largest portfolio of private lending institutions and investor backed funding sources available. Let me turn your challenges into closings and help you get a St Louis commercial lending or financing loan.

Sponsored by: St Louis Mortgage, Lending and Refinancing 877-334-0210 Member of the Better Business Bureau Check back daily for more financial news.

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St Louis Mortgage: Scan Code With Your Smartphone For More Details On Home Mortgage, Commercial Lending and Financing and the Best Principal Reduction Program Available.

To "read" the boxy black-and-white bar code above, you'll need a smartphone. If you need a reader APP, you can => Download a QR code APP reader here: (Android phones come with QR readers.)

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Sat, 30 Apr 2011 13:42:00 -0700 St Louis Finance And Foreclosures: Foreclosure Pipeline Shrinking http://stlouismortgage.posterous.com/st-louis-finance-and-foreclosures-foreclosure http://stlouismortgage.posterous.com/st-louis-finance-and-foreclosures-foreclosure

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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 evict them before it can put those homes back on the market.

Fannie Mae, the other government-owned mortgage finance company, declined to say how long its process took.

A record number of foreclosures is contributing to the slow down, but so are mounting legal questions surrounding bank procedures to repossess homes from delinquent borrowers.

Some 6.8 million homes are either in some stage of delinquency or foreclosure, and nearly 30 percent of all home sales are of distressed properties, according to Core Logic, a real estate data tracker.

In some hard hit markets, such as Phoenix, Arizona, the number is far higher.

“People understand that it’s difficult for lenders to get them out of their homes, and so they are staying longer,” said Mark Zandi, of Moody’s economy.com.

He continues: “In the past, if you got an eviction notice, you were likely to leave quickly. Now people are staying until there is a sheriff at their door.”

Surprisingly, some sheriffs are refusing to evict homeowners, following disclosures in court depositions that banks flouted state laws by filing thousands of foreclosure documents without verifying the accuracy of the information they contained.

A Chicago-area sheriff has ordered deputies to stop carrying out foreclosure evictions over concerns that banks may be reclaiming properties from the wrong people.

In the case of Freddie Mac and Fannie Mae, which together sit on more than 190,000 foreclosed properties, the process of getting distressed homes ready for resale can take months and cost millions of dollars.

If borrowers still occupy the homes, Freddie Mac will offer them financial assistance with relocation, a program known as “cash for keys”. Eviction proceedings are becoming a last resort.

==================================================

ARE YOU UPSIDE DOWN ON YOUR HOME?
ARE YOU FACING FORECLOSURE?

What if you could substantially reduce your existing mortgage debt balance in as little as 90 days with one simple application or even get a reduced mortgage principal settlement due to common errors found in 85% of mortgages?

Retain Our Attorneys and Lending Professionals!

My attorney network and lending specialists may help save your home or business and put a foreclosure stop on the process. A principal reduction can also help if you are underwater with negative equity compared to a loan modification.

Principal Reduction Program: Watch These Shocking Mortgage Fraud Videos...

Call Now For Your FREE MORTGAGE FORENSIC AUDIT Call (866) 414-2937 Ext. 766 or (314) 334-0210 NOW! Floyd Tapia, Loan Compliance Consultant These services made available to you by: Liberty Lending Consultants Home Foreclosure Hero The Rigley Group

Visit our principal reduction and loan reduction website for your FREE loan audit and loan review today!

(Fax all loan and principal reduction applications and documents to Floyd Tapia at: (314) 432-5240) 60 Minute Loan Modification Programs
We also have available a "do-it-yourself" 60 Minute Loan Modification Program that has literally saved the homes of thousands of consumers.

==================================================

Articles and News Sponsored by Liberty Lending Consultants

When applying for any type of St Louis mortgage, call Liberty Lending Consultants, the recognized St Louis home loan and refinancing experts, at (314) 336-9111 and ask for Steve Swan or Doug Stahlschmidt.

For a FREE loan audit, visit one of the best Loan Reduction or Principal Reduction Programs. My attorney network and lending specialists may help save your home or business and put a foreclosure stop on the process. A principal reduction can also help if you are underwater with negative equity compared to a loan mod. Don't wait any longer. You are not alone. Call Floyd Tapia and his professional team at (314) 334-0210 or (877) 334-0210 for a FREE consultation. Bad credit is not a problem.

Business Owners: As a commercial lending and principal reduction program consultant, my team can focus on bringing you innovative private lending solutions and if necessary can provide a FREE commercial or home mortgage loan audit to meet all types of financing needs. I have access to the largest portfolio of private lending institutions and investor backed funding sources available. Let me turn your challenges into closings and help you get a St Louis commercial lending or financing loan.

Sponsored by: St Louis Mortgage, Lending and Refinancing 877-334-0210 Member of the Better Business Bureau

Check back daily for more financial news.

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Wed, 27 Apr 2011 07:34:00 -0700 St Louis Lending: Billions Lost By Fannie Mae and Freddie Mac http://stlouismortgage.posterous.com/st-louis-lending-billions-lost-by-fannie-mae http://stlouismortgage.posterous.com/st-louis-lending-billions-lost-by-fannie-mae

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

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 recession according to St Louis lending experts.

The projections, based on the results of a home-price "stress test" by the Federal Housing Finance Agency, offered the first public estimates of the final cost of the government's rescue of the mortgage-finance firms, which is on track to become the most expensive legacy of the 2008 financial crisis.

Under the regulator's most positive home-price scenario, Fannie and Freddie would lose $6 billion over the next three years and they would still have to ask the government for 11 times that amount to make dividend payments.

On its most likely projection which assumes an end to the housing crisis is close and that home prices will stop falling soon, it will still lose $19 billion during that same period.

On the other hand, if the economy slides back into recession and home prices fall by another 20 to 25 percent, the companies could cost taxpayers an additional $124 billion and that's before any dividend payments are made.

Another drop in values could prove fatal to this already dying economy leading to more delinquent borrowers with fewer options in stopping foreclosure.

Price declines could also lead to additional losses on the nearly 210,000 homes the firms have taken back through foreclosure.

Fannie and Freddie own or guarantee approximately 50 percent of the nation's $10.6 trillion in mortgages.

While the Obama administration has said the $700 billion Troubled Asset Relief Program could ultimately cost taxpayers a fraction of the initial investment, the tab for Fannie and Freddie has swelled to larger proportions as mortgage delinquencies have mounted.

Federal policymakers have relied heavily on the firms to help stabilize the housing sector, which together with the FHA have backed or bought nine in ten new loans this year, according to Inside Mortgage Finance.

==================================================

ARE YOU UPSIDE DOWN ON YOUR HOME? ARE YOU FACING FORECLOSURE?

What if you could substantially reduce your existing mortgage debt balance in as little as 90 days with one simple application or even get a reduced mortgage principal settlement due to common errors found in 85% of mortgages?

Call Now For Your FREE MORTGAGE CHECK-UP
877-334-0210 or 314-334-0210 | Floyd Tapia

www.LibertyLendingConsultants.com
Home Foreclosure Hero
The Rigley Group
 

Or visit our principal reduction and loan reduction website for your FREE loan audit and review where you can fill out the quick application.

==================================================

Articles and News Sponsored by Liberty Lending Consultants

When applying for any type of St Louis mortgage, call Liberty Lending Consultants, the recognized St Louis home loan and refinancing experts, at 314-336-9111 and ask for Steve Swan or Doug Stahlschmidt.

For business owners looking for small business loans and alternative financing that works including home owners who are credit challenged or upside down on their home loan, call Floyd Tapia, host of the St. Louis "Mortgage Minute" at 314-334-0210.

As a commercial lending and principal reduction consultant, I focus on bringing you innovative private lending solutions and if necessary can provide a FREE commercial or residential loan audit to meet all types of financing needs. I have access to the largest portfolio of private lending institutions and investor backed funding sources available. Let me turn your challenges into closings by helping you get a nationwide or St Louis commercial financing and lending.

Sponsored by: St Louis Mortgage, Lending and Refinancing 877-334-0210 Member of the Better Business Bureau

Check back daily for more financial news.

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Fri, 22 Apr 2011 12:33:00 -0700 Principal Reduction St Louis: Foreclosures Taken Seriously http://stlouismortgage.posterous.com/principal-reduction-st-louis-foreclosures-tak http://stlouismortgage.posterous.com/principal-reduction-st-louis-foreclosures-tak

Commercial Lending and Commercial Lenders 877-334-0210

St Louis Mortgage and Real Estate News –

St Louis Loan Audit News: Bernanke Says He Is Now Taking Foreclosure Problems More Seriously
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program
877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Mortgage

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

completed next month.

"We take violations of proper procedures seriously," Bernanke said in remarks prepared for delivery at a joint conference in Arlington, Va., with the Federal Deposit Insurance Corporation on Wall Street's foreclosure procedures.

"I would like to note that we have been concerned about reported irregularities in foreclosure practices at a number of large financial institutions," Bernanke said.

He continues: "The federal banking agencies are working together to complete an in-depth review of practices at the largest mortgaging servicing operations."

"We are looking intensively at the firms' policies, procedures and internal controls related to foreclosures and seeking to determine whether systematic weaknesses are leading to improper foreclosures," he went on to say.

"Now, more than 20 percent of borrowers owe more than their home is worth and an additional 33 percent have equity cushions of 10 percent or less, putting them at risk should house prices decline much further."

In conclusion Bernanke said: "With housing markets still weak, high levels of mortgage distress may well persist for some time to come."

Bernanke said the conference will also focus on results from the ongoing program by the Federal Reserve Bank called the Mortgage Outreach and Research Effort, or MORE.

==================================================

ARE YOU UPSIDE DOWN ON YOUR HOME? ARE YOU FACING FORECLOSURE?

What if you could substantially reduce your existing mortgage debt balance in as little as 90 days with one simple application or even get a reduced mortgage principal settlement due to common errors found in 85% of mortgages? 

Retain Our Attorneys and Lending Professionals!

My attorney network and lending specialists may help save your home or business and put a foreclosure stop on the process. A principal reduction can also help if you are underwater with negative equity compared to a loan modification.

Principal Reduction Program: Watch These Shocking Mortgage Fraud Videos...

Call Now For Your FREE MORTGAGE FORENSIC AUDIT Call (866) 414-2937 Ext. 766 or (314) 334-0210 NOW! Floyd Tapia, Loan Compliance Consultant These services made available to you by: Liberty Lending Consultants Home Foreclosure Hero The Rigley Group

Visit our principal reduction and loan reduction website for your FREE loan audit and loan review today!

(Fax all loan and principal reduction applications and documents to Floyd Tapia at: (314) 432-5240)

==================================================

Articles and News Sponsored by Liberty Lending Consultants

When applying for any type of St Louis mortgage, call Liberty Lending Consultants, the recognized St Louis home loan and refinancing experts, at (314) 336-9111 and ask for Steve Swan or Doug Stahlschmidt.

For a FREE loan audit, visit one of the best Loan Reduction or Principal Reduction Programs. My attorney network and lending specialists may help save your home or business and put a foreclosure stop on the process. A principal reduction can also help if you are underwater with negative equity compared to a loan mod. Don't wait any longer. You are not alone. Call Floyd Tapia and his professional team at (314) 334-0210 or (877) 334-0210 for a FREE consultation. Bad credit is not a problem.

Business Owners: As a commercial lending and principal reduction program consultant, my team can focus on bringing you innovative private lending solutions and if necessary can provide a FREE commercial or home mortgage loan audit to meet all types of financing needs. I have access to the largest portfolio of private lending institutions and investor backed funding sources available. Let me turn your challenges into closings and help you get a St Louis commercial lending or financing loan.

Sponsored by: St Louis Mortgage, Lending and Refinancing 877-334-0210 Member of the Better Business Bureau

Check back daily for more financial news.

Permalink | Leave a comment  »

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