Daily Archives: November 28th, 2011

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