Quantcast
Channel: stlouismortgage's posterous
Viewing all articles
Browse latest Browse all 7

St Louis Home Loan and Mortgage: Foreclosures May Be Slowing

0
0

St Louis Coupons, Mobile Marketing and Mobile APP For Local Shopping - The Customer Advantage

St Louis Mortgage and Real Estate News –

St Louis Mortgage Lending and Home Loan News: Foreclosures Slow, But...
St Louis Mortgage and Commercial Loans | Principal Reduction Program
877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Reduction

According to a report released by the Office of the Comptroller of the Currency (OCC) and the Office of Thrift Supervision (OTC), foreclosures slowed in the fourth quarter 2010.

However, as far as long-term outlooks, it has only been a brief reprieve since banks will move more aggressively back into the foreclosure process following a

review of their mortgage servicing practices according to St Louis home loan mortgage brokers.

It is interesting to note that the O.C.C. regulates national banks and the O.T.S. regulates the national thrift industry.

In the fourth quarter, completed foreclosures dropped by almost 50 percent to 95,067, while newly initiated foreclosures fell by almost 8 percent to 352,318.

Foreclosures in the pipeline actually increased as expected because the number of newly initiated foreclosures was larger than those completed in the fourth quarter.

The inventory of foreclosures being processed jumped more than 7 percent to 1.3 million in the fourth quarter of 2010.

And as projected new and completed foreclosures have increased in 2011 once the foreclosure pause ended.

What to do with borrowers who can no longer afford their homes is a raging political and policy debate.

The state attorneys general are facing off with banks over changes to their mortgage servicing processes and whether principal write-downs or reductions should become a major part of efforts to keep borrowers in their homes especially since private principal loan reduction programs backed by attorney networks have been pushing this effort.

The two groups met on March 30th to kick off negotiations that could be lengthy and contentious. The St. Louis Refinancing Group news team will follow this hot debate.

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

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.

 

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

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.  

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

St Louis Beauty Supply and Avon - Kristin Tapia

 QR Code for stlouisbeauty at Kimtag

St Louis Mortgage and Loans - Liberty Lending Consultants

QR Code for stlouismortgage at Kimtag

St Louis Mobile Coupons

 QR Code for stlmobilecoupons at Kimtag

St Louis Magic and Birthday Parties - Josh Routh

 QR Code for stlouismagic at Kimtag

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 for your smartphone.

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

Mobile Phone Users Click Here For Your Safe and FREE STLTEXT Shopping App  

 

Permalink | Leave a comment  »


Viewing all articles
Browse latest Browse all 7

Latest Images

Trending Articles





Latest Images