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Welcome to the 22nd edition of the St Louis Refinancing Mortgage Minute.
News: Fannie Mae and Freddie Mac Add Billions to Growing Deficit
Many are calling this the new era of exorbitant federal spending and wasted taxpayer bailouts. Not withstanding the endless accusations of fiduciary wrongdoing that fuels this expanding financial crisis. Exaggerated opinions? Not exactly.
There are reports being issued from the Congressional Budget Office (CBO) saying government sponsored enterprises (more…)
News: Analysts Recommending Homeowners Rebuild Credit Now
The past year and a half has left an indelible mark of financial losses in the market, widespread greed and dishonesty, home values plummeting and unemployment rising at alarming rates.
These are indeed bad times and (more…)
News: Business Reports Say Commercial Mortgage Defaults Dangerous for U.S. Banks
In January of this year, SMR Research Corporation released what is being considered more dim news for the economy. According to their published research, the much anticipated deluge of commercial mortgage defaults this (more…)
News: Record Breaking Numbers Show 3,000,000 Homes in Foreclosure
Grim statistics being introduced by RealtyTrac who is the online marketer of foreclosed homes, says that one in 45 households or 2,824,674 properties nationwide (more…)
News: Tight Economy Means Americans Are Borrowing Less
In a not so surprising move, Americans borrowed less for a 10th consecutive month in November with total credit and borrowing on credit cards falling (more…)
News: There May Not Be Much Time Left for Low Rates
St. Louis Refinancing Group news team has reported how mortgage rates may not stay low much longer.
This means that time is running out for existing homeowners to do a mortgage refinancing or those looking (more…)