Archive for September, 2010

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St Louis Home Mortgage Analysts See Economists With Mixed Views

Thursday, September 30th, 2010


St Louis Mortgage and Real Estate News –

St Louis Finance News: NABE – Economists Seem To Have Mixed Viewpoints On What To Do
News Press Hot Line: 314-334-0210 | Floyd Tapia


There seems to be mixed feelings coming from various economists on what direction Washington should take as regards the economic recovery.

The National Association of Business Economists (NABE) recently said that three-quarters of its members believe that promoting economic growth should be a (more…)

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St Louis Mortgage Community Notices Fannie Mae Portfolio Up

Monday, September 27th, 2010


St Louis Mortgage and Real Estate News –

St Louis Finance News: Fannie Mae Portfolio Up 4.1 Percent
News Press Hot Line: 314-334-0210 | Floyd Tapia


Current reports indicate that Fannie Mae’s mortgage portfolio through July 2010 was up 4.1 percent from one year ago but was down from June 2010.

In addition, the GSE issued nearly (more…)

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St Louis Mortgage Delinquencies Down Yet First Time Delinquencies Are Up

Sunday, September 26th, 2010


St Louis Mortgage and Real Estate News –

St Louis Finance News: MBA Says Delinquencies Down Overall But First Time Delinquencies Up
News Press Hot Line: 314-334-0210 | Floyd Tapia


Recent reports coming in from the Mortgage Bankers Association (MBA), the nation’s overall mortgage delinquency rate dropped to 9.85 percent in the second quarter of 2010.

This is down from (more…)

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Unemployment Claims Much Higher Than Expected According To St Louis Mortgage Data

Friday, September 24th, 2010


St Louis Mortgage and Real Estate News –

St Louis Finance News: Jobless Claims Higher Than Originally Expected
News Press Hot Line: 314-334-0210 | Floyd Tapia


Recent news from the Labor Department’s weekly report said there were 473,000 initial unemployment claims filed in the week ended August 21st which was (more…)

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St Louis Home Mortgage Sales Drop Says St Louis Home Loan Analysts

Thursday, September 23rd, 2010


St Louis Mortgage and Real Estate News –

St Louis Finance News: New Home Sales Seem To Be Dropping
News Press Hot Line: 314-334-0210 | Floyd Tapia


Bad news from the Commerce Department which reported that new home sales dropped 12.4 percent to a seasonally adjusted annual rate of 276,000 last month, down from a downwardly revised 315,000 in June.

Sales year-over-year fell 32.4 percent.  Sales were forecast to tick higher to an annual rate of (more…)

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St Louis Commercial Real Estate Is Not Growing As Expected Says St Louis Mortgage Professionals

Wednesday, September 22nd, 2010


St Louis Mortgage and Real Estate News –

St Louis Commercial Financing News: Commercial Real Estate Remains Soft
News Press Hot Line: 314-334-0210 | Floyd Tapia


According to the National Association of Realtors (NAR), commercial real estate sectors, hurt by weak job growth, are offering incentives in many areas that (more…)

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Refinances On The Rise According To St Louis Refinancing And Finance Experts

Sunday, September 19th, 2010


St Louis Mortgage and Real Estate News –

St Louis Finance News: Good News As Refinances Increase
News Press Hot Line: 314-334-0210 | Floyd Tapia


There may be some good new for the mortgage industry. The Mortgage Bankers Association’s (MBA) Market Composite Index, a measure of mortgage loan application (more…)

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Home Sales Take Huge Plunge According To St Louis Home Mortgage Data

Friday, September 17th, 2010


St Louis Mortgage and Real Estate News –

St Louis Finance News: Data Coming From The Housing Industry Say Existing Home Sales Plunge 27 Percent
News Press Hot Line: 314-334-0210 | Floyd Tapia


Recent reports from the National Association of Realtors (NAR) show that purchases of existing homes plunged 27.2 percent to a 3.83 million annual rate.

The pace compares with the median forecast of a 4.65 million rate, according to a Bloomberg News (more…)

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St Louis Mortgage Lenders Say Credit Card Debt Lowest In 8 Years

Thursday, September 16th, 2010


St Louis Mortgage and Real Estate News –

St Louis Finance News: Consumer Credit Card Debt the Lowest in 8 Years
News Press Hot Line: 314-334-0210 | Floyd Tapia


Today in financial news, the average combined debt for bank-issued credit cards like those with a MasterCard or Visa logo fell to $4,951 in the three months ended (more…)

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St Louis Mortgage Professionals Fear Low Home Mortgage Sales May Sink Recovery

Wednesday, September 15th, 2010


St Louis Mortgage and Real Estate News –

St Louis Finance News: Lower Than Expected Home Sales Could Sink the Recovery
News Press Hot Line: 314-334-0210 | Floyd Tapia


With home sales plunging to their lowest level in 15 years, economists warn that a double-dip in (more…)

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