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Welcome to the 27th edition of the St Louis Refinancing Mortgage Minute Edition 27 | Floyd Tapia | 314-698-4092
News: Residential Property Reports Say 11.3 million Homes In Negative Equity
New information released by First American CoreLogic announced that approximately 11.3 million residential properties were in a negative type state as far as equity values at the end of 2009.
This staggering number would equate (more…)
News: The Stimulus Bill Is Approximately $75 billion More Expensive Than Originally Believed
When the American Recovery and Reinvestment Act was enacted one year ago in February 2009, the cost that was originally “sold” to the American public fell in the area of $787 billion.
The Congressional Budget Office (CBO) went on to say that the Recovery Act’s overall (more…)
News: Surprising Banking Disclosure Reveals Missing Loan Modification Paperwork that May Plunge Approximately 450,000 Homeowners Into Unexpected Foreclosure
The federal loan modification program also known as HAMP seemed to be lauded as the ‘financial savior’ for homeowners facing imminent foreclosure. Now for the unsettling news.
While fiduciary responsibility and small town honesty seem to be traits of a by-gone era, nothing could devastate this economy more than news hinting (more…)
News: Home Prices Appear to Be Slowly On the Rebound
According to a Standard & Poor’s (S&P) and Case-Shiller home price index annual report, on a national level, housing prices dropped 32% from the peak in the 2nd quarter of 2006 to to its lowest point in 1st quarter of 2009 and then rebounded 6.3% by the end of 2009.
Chief economist David Wyss of (more…)
Although the St. Louis mortgage and real estate market has drastically changed over the last 18 months, there are ways that consumers can avoid or at least minimize the home buying stress factor.
The following five simple yet ingenious tactics will help in making your St. Louis home loan (more…)