Archive for August, 2010

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St Louis Finance Report Says Lower Jumbo Home Loan Rates May Be Working

Tuesday, August 31st, 2010


St Louis Mortgage and Real Estate News –

St Louis Finance News: Large Homes Benefiting From Lower Jumbo Rates
News Press Hot Line: 314-334-0210 | Floyd Tapia


These historically low interest rates may not be helping out the smaller mortgages throughout the nation.

But it seems to be making a difference with (more…)

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St Louis Mortgage Banks See Higher Home Equity Loan Defaults

Monday, August 30th, 2010


St Louis Mortgage and Real Estate News –

St Louis Finance News: Home Equity Loan Defaults On the Rise
News Press Hot Line: 314-334-0210 | Floyd Tapia


Just recently, news surfaced that lenders nationwide had written off approximately $11.2 billion in home equity loans in 2009.

Additional losses included $19.8 billion in (more…)

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Posted in st louis mortgage news | 2 Comments »

St Louis Home Loan Professionals Say Short Refinance Efforts Another Wasted Mortgage Program

Saturday, August 28th, 2010


St Louis Mortgage and Real Estate News –

St Louis Finance News: The Short Refinance Program From the FHA Is Not Very Effective

News Press Hot Line: 314-334-0210 | Floyd Tapia


In a surprise announcement, the United States Department of Housing and Urban Development (HUD) reported that the Federal Housing Administration (FHA) Short (more…)

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Posted in st louis mortgage news | 1 Comment »

St Louis Finance Report Says Small Business Owners Pessimistic On Economy

Friday, August 27th, 2010


St Louis Mortgage and Real Estate News –

St Louis Finance News: Small Business Owners Fearful of Political Climate
News Hot Line: 314-334-0210 | Floyd Tapia


The optimism index fell to the .09 point to 88.1 in July according to the National Federation of Independent Business (NFIB).

“We don’t have any confidence that the economy is (more…)

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Posted in st louis mortgage news | 3 Comments »

St Louis Mortgage Analysts Say 20 Percent of Home Mortgage Owners Underwater

Thursday, August 26th, 2010


St Louis Mortgage and Real Estate News –

St Louis Finance News: With 20 Percent of Home Loan Owners Underwater, Will Obama Cancel These Debts?
News Hot Line: 314-334-0210 | Floyd Tapia


The national statistic for mortgage owners owing more than their house is worth is approaching 20 percent according to the real estate experts Zillow.com.

Although the overall number has (more…)

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St Louis Mortgage Report Suggests America Facing A Major Depression

Tuesday, August 24th, 2010


St Louis Mortgage and Real Estate News –

St Louis Finance News: More Bleak News Facing America As Predicted Depression Strikes
News Hot Line: 314-334-0210 | Floyd Tapia


The St Louis Refinancing Group news team has held the views of Financier and Hedge Fund Specialist Richard Geller as a welcome depiction of how our economy is (more…)

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St Louis Mortgage Report Predicts 20 Million Home Loans Underwater By 2012

Monday, August 23rd, 2010


St Louis Mortgage and Real Estate News –

St Louis Finance News: Economists Say Almost 20 Million Underwater Mortgages By 2012
News Hot Line: 314-334-0210 | Floyd Tapia


There was recent talks by the Deutsche Bank saying more than 14 million borrowers were underwater as far as home values were concerned as of the (more…)

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St Louis Mortgage Professionals Notice Jobless Claims Are Up

Sunday, August 22nd, 2010


St Louis Mortgage and Real Estate News –

St Louis Finance News: National Jobless Claims Are On The Rise
News Hot Line: 314-334-0210 | Floyd Tapia


The month ending July 31st saw a huge increase in jobless claims. The Labor Department says there were (more…)

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St Louis Mortgage Lenders Hail Education Site Launched By Fannie Mae

Friday, August 20th, 2010


St Louis Mortgage and Real Estate News –

St Louis Finance News: New Borrower Education Site Launches
News and Lending Hot Line: 314-334-0210 | Floyd Tapia


A long awaited educational website has being launched by the home loan giant, Fannie Mae. Reports say (more…)

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St Louis Home Loan Community Sees Consumers Saving More But Spending Less

Thursday, August 19th, 2010


St Louis Mortgage and Real Estate News –

St Louis Finance Review: The Ironic Paradox of Being Thrifty [News Hot Line: 314-334-0210 | Floyd Tapia]


In a time where most experts would agree that it is great that consumers are acting more financially responsible, it seems to be perpetuating an already growing (more…)

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Posted in st louis mortgage news | 1 Comment »

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