Archive for December, 2010

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St Louis Home Mortgage: Bank of America Joins Foreclosure Freeze

Friday, December 31st, 2010


St Louis Mortgage and Real Estate News –

St Louis Finance News: Bank of America Halts Foreclosures
Principal Reduction Program and Commercial Loans | 314-334-0210 | Floyd Tapia


Bank of America (BoA) is no longer standing in the wings as regards the foreclosure crisis so says St Louis Home Mortgage experts.

They have joined the banking crowd by freezing home foreclosures in 23 states as it investigates whether (more…)

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St Louis Commercial Loans: New Regulations Killing Businesses

Thursday, December 30th, 2010

St Louis Mortgage and Real Estate News –

St Louis Commercial Loan News: Federal Regulations Kill Small Business
Commercial Lending and Financing | 877-334-0210 or 314-334-0210


It appears that most experts including Frank Holmes, CEO of U.S. Global Investors are saying that new Federal regulations are choking America’s small businesses.

“There are so many unknowns, that’s what’s shown up in the marketplace, this unknown (more…)

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St Louis Lending: Stimulus Gone Jobs Gone

Wednesday, December 29th, 2010

Commercial Lending and Commercial Lenders 877-334-0210

St Louis Mortgage and Real Estate News –

St Louis Finance News: The Stimulus Is Gone and So Go the Jobs
Residential and Commercial Loans | 314-334-0210


Tens of thousands of low-income workers lost their jobs Thursday as a stimulus-subsidized employment program came to an end.

About a quarter of a million people in 37 states were placed in short-term jobs thanks to a (more…)

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St Louis Finance: GDP Is Up

Tuesday, December 28th, 2010


St Louis Mortgage and Real Estate News –

St Louis Finance News: Gross Domestic Product Seems To Be Heading North
Residential and Commercial Loans | 314-334-0210


The Commerce Department reported that the nation’s  gross domestic product, the broadest measure of economic activity, was upwardly revised to an annual growth (more…)

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St Louis Home Loans: Jobless Claims Lower

Monday, December 27th, 2010


St Louis Mortgage and Real Estate News –

St Louis Finance News: Jobless Claims Slightly Lower
Residential and Commercial Loans | 314-334-0210


There were 453,000 initial jobless claims filed in the week ending September 18th, down 16,000 from an upwardly revised 469,000 the previous week, according to the Labor Department’s weekly report.

Economists surveyed by Briefing.com were expecting 457,000 new claims.

The 4-week moving average of (more…)

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St Louis Mortgage Broker: Discounts For Foreclosures And Short Sales

Sunday, December 26th, 2010


St Louis Mortgage and Real Estate News –

St Louis Finance News: Foreclosures and Short Sales At a 26 Percent Discount
Residential and Commercial Loans | 314-334-0210


According to RealtyTrac, nearly 250,000 residential properties in some stage of foreclosure changed hands during the second quarter.

They sold for about 26 percent less than non-foreclosed homes, compared to 35 percent less (more…)

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St Louis Mortgage Lenders: The Huge Foreclosure Mess

Saturday, December 25th, 2010


St Louis Mortgage and Real Estate News –

St Louis Loan Audit News: The Massive Foreclosure Debacle
Home Mortgage and Commercial Loans | Principal Reduction Program
877-334-0210 or 314-334-0210 | Floyd Tapia


“It’s a real mess,” said Justice Arthur Schack, a jurist on foreclosure issues who sits on the New York State Supreme Court in Brooklyn.

GMAC Mortgage announced recently that it had suspended evictions and post-foreclosure closings (more…)

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St Louis Loans: Consumer Confidence Way Down

Friday, December 24th, 2010


St Louis Mortgage and Real Estate News –

St Louis Finance News: Consumer Confidence Decreasing
Residential and Commercial Loans | 314-334-0210


The Consumer Confidence Index fell to 48.5 in September which is the lowest level in 7 months and down from August’s negatively revised level of 53.2, the (more…)

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St Louis Loan Modification: HAMP Trials Canceled

Thursday, December 23rd, 2010


St Louis Mortgage and Real Estate News –

St Louis Finance News: Bank of America Pending Action On 43 Percent Of Canceled HAMP Trials
Home Mortgage and Commercial Loans | Principal Reduction Program
877-334-0210 or 314-334-0210 | Floyd Tapia


There are new reports being published that the Treasury has published the outcomes of failed HAMP trials that were canceled largely due to insufficient documents.

Of the 148,129 Home Affordable Modification Program trials Bank of America (BoA) has canceled through August, more than 63,000, or 43 percent, still await additional (more…)

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St Louis Mortgage Refinancing: Refinance Applications Down

Wednesday, December 22nd, 2010


St Louis Mortgage and Real Estate News –

St Louis Finance News: MBA Says Refinance Applications Decrease
Residential and Commercial Loans | 314-334-0210


The Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending September 24, 2010 decreased 0.8 percent on a seasonally adjusted basis from one week earlier.

On an unadjusted basis, the Index decreased 1.0 percent compared with the previous week.

The Refinance Index decreased (more…)

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