St Louis Home Loan Report Says Foreclosures More Profitable Than Loan Modifications
St Louis Mortgage and Real Estate News – St Louis Loan Reduction and In-House Financing News: Higher Profits From Mortgage Foreclosures Threaten The Use Of HAFA Loan Modification Programs | Customer Financing | St Louis Home Mortgage and Commercial Loans | 877-334-0210 or 314-334-0210 | Floyd Tapia, St Louis Commercial Mortgage and Consumer Lending
The problem that most St. Louis mortgage experts are concerned with is there’s not enough incentives or time to save the majority of the 4.6 million U.S. homes that have loan payments more than 90 days overdue. This is why more homeowners are turning to St. Louis loan modifications and various other means to raise their credit scores such as in-house financing by St. Louis businesses.
http://www.scribd.com/doc/73534324/St-Louis-Home-Loan-Report-Says-Foreclosures-More-Profitable-Than-Loan-Modifications
St Louis Home Mortgage and Loan Reduction: Banks Want Probe Gone
St Louis Mortgage and Real Estate News – St Louis Mortgage Rates and Customer Financing News: Banks Offer $5 Billion To Close Foreclosure Probe | St Louis Home Mortgage Lending, Consumer Lending and Consumer Loans | In-House Financing | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Principal Loan Reduction
The nation’s biggest banks are willing to pay as much as $5 billion to settle claims by federal and state officials of improper mortgage-servicing practices, according to people familiar with the situation. The offer is considerably less than the amounts sought by state and federal officials, some of whom are asking for more than…
http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/st-louis-home-mortgage-and-loan-reduction-banks-want-probe-gone
St Louis Loan Modification and Refinance: Record Number of REOs Sold
St Louis Mortgage and Real Estate News – St Louis Mortgage Broker and Consumer Lending News: Freddie Mac Sells Record Number of REOs | St Louis Home Mortgage and Customer Financing | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending, Consumer Loans and Loan Reduction
Freddie Mac sold roughly 31,000 previously foreclosed and repossessed homes in the first quarter, a new record for the company as both government-sponsored enterprises shed inventory from the end of last year. Combined, both Fannie Mae and…
http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/st-louis-loan-modification-and-refinance-record-number-of-reos-sold
St Louis Mortgage: Taxpayers Brace For Fannie And Freddie Losses
Consumers are now concerned that bailing out Fannie Mae and Freddie Mac will cost them about $154 billion according to the mortgage giants’ regulator.
But many St. Louis refinancing experts say the actual bill may be twice the $136 billion that has already been put out if this economy continues its out-of-control downfall.
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…
http://www.home-insurance-home-mortgage.com/2011/05/16/st-louis-mortgage-taxpayers-brace-for-fannie-and-freddie-losses/
St Louis Mortgage Crisis Affecting Economic Progress
Most economists are reluctant to say anything positive about this economic recovery. Homeowners by the thousands are falling farther and farther behind on their loan payments.
The record number of home defaults has definitely had a long-lasting negative impact on this housing market. It is surprising that certain St Louis home loan professionals still say a major rebound is on its way.
The Mortgage Bankers Association reported that over 10 percent of home loan consumers have missed…
http://www.worldfinanceinfo.com/st-louis-mortgage-crisis-affecting-economic-progress/
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