Archive for December, 2010
Tuesday, December 21st, 2010
St Louis Home Mortgage and Real Estate News –
St Louis Finance News: Home Prices Rise In July
Residential and Commercial Loans | 314-334-0210
According to the S&P Case-Shiller home prices index, prices began rising in April, boosted by the expiration of the first-time home-buyer tax credit that had new homeowners flocking to buy homes.
Before that, they had fallen sequentially for six straight months. Still, the housing sector faces challenges, with unemployment remaining high and the tax credit’s benefits wearing off.
St Louis home mortgage experts confirm that the S&P warned last month that home-price returns could (more…)
Tags: home prices, st louis finance, st louis home loan, st louis home loans, st louis home mortgage, st louis lending, st louis loans, st louis mortgage, st louis mortgage broker, st louis mortgage lenders, st louis mortgage news, st louis mortgage refinancing, st louis refinance, st louis refinancing
Posted in st louis mortgage news | 1 Comment »
Monday, December 20th, 2010
St Louis Mortgage and Real Estate News –
St Louis Finance News: No More Tax Mail?
Residential and Commercial Loans | 314-334-0210
Traditional IRS packages sent through the mail may soon be a thing of the past.
Electronic filing of tax returns has become so popular that the Internal Revenue Service will no longer (more…)
Tags: electronic filing, IRS, st louis finance, st louis home loan, st louis home loans, st louis home mortgage, st louis lending, st louis loans, st louis mortgage, st louis mortgage broker, st louis mortgage lenders, st louis mortgage news, st louis mortgage refinancing, st louis refinancing, tax return
Posted in st louis mortgage news | No Comments »
Sunday, December 19th, 2010
St Louis Mortgage and Real Estate News –
St Louis Finance News: Banks Continue to Fail
Residential and Commercial Loans | 314-334-0210
As the numbers continue to rise, 279 banks have collapsed since September 25, 2008. Among those numbers included Washington Mutual who became the biggest bank failure on record.
That incredible loss dwarfed the 1984 demise of Continental Illinois, which had only one-seventh (more…)
Tags: bank failings, bank failures, st louis finance, st louis home loan, st louis home loans, st louis home mortgage, st louis lending, st louis loans, st louis mortgage, st louis mortgage broker, st louis mortgage lenders, st louis mortgage news, st louis mortgage refinancing, st louis refinance, st louis refinancing, Washington Mutual
Posted in st louis mortgage news | No Comments »
Saturday, December 18th, 2010
St Louis Mortgage and Real Estate News –
St Louis Finance News: About 29 Percent of Borrowers Cannot Afford Their Mortgage
Home Mortgage and Commercial Loans | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia
There has been new research by Zillow Mortgage Marketplace stating that any potential borrower with a credit score less than 620 is unlikely to receive a 30-year fixed-mortgage, even if they offer a relatively high down payment.
Yet, according to myFICO.com, 29.7 percent of Americans have a credit score (more…)
Tags: credit score, st louis finance, st louis home loan, st louis home loans, st louis home mortgage, st louis lending, st louis loans, st louis mortgage, st louis mortgage broker, st louis mortgage lenders, st louis mortgage refinancing, st louis refinance, st louis refinancing
Posted in st louis mortgage news | 2 Comments »
Friday, December 17th, 2010
St Louis Mortgage and Real Estate News –
St Louis Finance News: Nearly 23 Percent of Private Mortgages Default
Residential and Commercial Loans | 314-334-0210
Recent St Louis mortgage reports show that approximately 12 percent of mortgages modified under the government’s Home Affordable Modification Program, known as HAMP, have fallen two months behind in payments, according to a banking regulators’ report issued Friday.
On the other hand, slightly more than (more…)
Tags: HAMP, private mortgages, st louis finance, st louis home loan, st louis home loans, st louis home mortgage, st louis lending, st louis loans, st louis mortgage, st louis mortgage broker, st louis mortgage lenders, st louis mortgage news, st louis mortgage refinancing, st louis refinance, st louis refinancing
Posted in st louis mortgage news | No Comments »
Thursday, December 16th, 2010
St Louis Mortgage and Real Estate News –
St Louis Finance News: Alternative Mortgage Loan Products Around the World
Residential and Commercial Loans | 314-334-0210
There was an interesting study released by the Mortgage Bankers Association (MBA) highlighting various mortgage loan products with features like longer terms, interest-only periods and flexible payment designs which are quite common in other countries and are not associated with higher rates of default.
The study entitled, “International Comparison of Mortgage Product Offerings”, which was conducted by (more…)
Tags: mortgage loan products, new loans, st louis finance, st louis home loan, st louis home loans, st louis home mortgage, st louis lending, st louis loans, st louis mortgage, st louis mortgage broker, st louis mortgage refinancing, st louis refinance, st louis refinancing
Posted in st louis mortgage news | No Comments »
Wednesday, December 15th, 2010
St Louis Mortgage and Real Estate News –
St Louis Finance News: New Home Sales Near Lows
Residential and Commercial Loans | 314-334-0210
New home sales were flat in August at a seasonally adjusted annual rate of 288,000, the second lowest level since the Commerce Department started tracking new home sales in 1963. Sales year-over-year are down 28.9 percent.
Home sales were expected to jump to an annual rate of 291,000 in August, according to a consensus estimate (more…)
Tags: home sales, new home construction, st louis finance, st louis home loan, st louis home loans, st louis home mortgage, st louis home sales, st louis lending, st louis loans, st louis mortgage, st louis mortgage broker, st louis mortgage lenders, st louis mortgage news, st louis mortgage refinancing, st louis refinancing
Posted in st louis mortgage news | No Comments »
Tuesday, December 14th, 2010
St Louis Mortgage and Real Estate News –
St Louis Commercial Financing News: Mortgage Debt Declined
Home Mortgage and Commercial Loans | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia
According to the Mortgage Bankers Association’s (MBA) analysis of the Federal Reserve Board Flow of Funds data, the level of commercial/multifamily mortgage debt outstanding decreased in the second quarter, to $3.24 trillion.
The $3.24 trillion in commercial/multifamily mortgage debt outstanding recorded by the (more…)
Tags: commercial loans, lenders, st louis commercial financing, St Louis commercial lending, st louis commercial loans, st louis finance, st louis lending, st louis loans, st louis mortgage, st louis mortgage broker, st louis mortgage lenders, st louis mortgage news, st louis mortgage refinancing, st louis refinancing
Posted in st louis mortgage news | No Comments »
Monday, December 13th, 2010
St Louis Mortgage and Real Estate News –
St Louis Finance News: Health Care Tidal Wave Starts
Residential and Commercial Loans | 314-334-0210
The first big wave of new rules under the federal health care law has gone into effect leaving many insurers scrambling to get ahead of the changes.
Insurers are cutting jobs to lower overhead costs, investing in big technology upgrades and training employees to (more…)
Tags: health care, insurance companies, insurers, st louis finance, st louis home loan, st louis home loans, st louis home mortgage, st louis lending, st louis loans, st louis mortgage, st louis mortgage broker, st louis mortgage lenders, st louis mortgage news, st louis mortgage refinancing, st louis refinancing
Posted in st louis mortgage news | No Comments »
Sunday, December 12th, 2010
St Louis Mortgage and Real Estate News –
St Louis Loan Audit and Finance News: Home Sales Rose In August
Home Mortgage and Commercial Loans | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia
The housing market received some good news when existing home sales rose in August following a big correction in July, according to the National Association of Realtors (NAR).
Existing home sales, which are completed transactions that include single-family, town-homes, condominiums and co-ops, increased 7.6 percent to a seasonally adjusted annual rate of 4.13 million in August from an upwardly revised 3.84 million in July, but remain 19.0 percent below the 5.10 million-unit pace in August 2009.
The national median existing home price for all housing types was $178,600 in August, up 0.8 percent from a year ago according to principal reduction program experts.
Distressed homes rose to 34 percent of (more…)
Tags: home sales, housing inventory, st louis finance, st louis home loan, st louis home loans, st louis home mortgage, st louis lending, st louis loans, st louis mortgage, st louis mortgage broker, st louis mortgage lenders, st louis mortgage news, st louis mortgage refinancing, st louis refinancing
Posted in st louis mortgage news | No Comments »
