Archive for January, 2011

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Loan St Louis: Hiring Outlook Slightly Up

Monday, January 31st, 2011


St Louis Mortgage and Real Estate News –

St Louis Loan Modification and Finance News: The Nation’s Hiring Outlook Slightly Improved For Now
Home Mortgage and Commercial Loans | Principal Reduction
877-334-0210 or 314-334-0210 | Floyd Tapia


During its October 2010 industry survey, the National Association of Business Economics (NABE) said that employment conditions slightly improved in the third quarter to the highest level since the start of the 2008-2009 recession.

Looking ahead, expectations for hiring over the next 6 months rose to the highest level since 2006, according to the survey.

A little over half of the economists in the October survey expect gross domestic product, the broadest measure of activity, to expand by more than 2 percent (more…)

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St Louis Foreclosures: Freddie Says Foreclosure Pipeline Shrinking

Sunday, January 30th, 2011


St Louis Mortgage and Real Estate News –

St Louis Finance and Loan Audit News: Freddie Mac and Fannie Mae Are Saying Foreclosure Pipeline Slowing
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Compliance Advocate


Freddie Mac, one of the two government-owned entities that finance about half of all U.S. mortgages, says that homes are taking as long as eight months to work their way through its foreclosure pipeline which is two months longer than was typical before this mortgage crisis began according to Liberty Lending Consultants, a St Louis mortgage company.

What is interesting is that the delay is the result of more borrowers staying in their homes for months after foreclosure proceedings have begun, requiring Freddie Mac to (more…)

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Posted in st louis mortgage news | 5 Comments »

Mortgage Loan St Louis: California Home Sales Down

Saturday, January 29th, 2011


St Louis Mortgage and Real Estate News –

St Louis Loan Audit News: Home Sales Down 17 Percent
Mortgage Loans and Commercial Lending | Principal Reduction
877-334-0210 or 314-334-0210 | Floyd Tapia


California new and existing home sales totaled 33,176 in September, down 17.5 percent from a year ago and 3.1 percent from the previous month, according to the (more…)

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Posted in st louis mortgage news | 2 Comments »

Commercial Loan St Louis: Obamacare Kills Small Businesses

Friday, January 28th, 2011


St Louis Mortgage and Real Estate News –

St Louis Loan Audit News: Obamacare Kills More Businesses
Home Mortgage and Commercial Loans | Principal Reduction
877-334-0210 or 314-334-0210 | Floyd Tapia


Industry experts say more insurers will drop health care coverage or go out of business if they were forced to meet a January 1st deadline that requires them to boost the money devoted to providing care.

The Obama administration was awaiting the recommendation of the National Association of Insurance Commissioners, meeting in Orlando for how and when to implement (more…)

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Posted in st louis mortgage news | 2 Comments »

Lending St Louis: Billions Lost By Fannie Mae and Freddie Mac

Thursday, January 27th, 2011


St Louis Mortgage and Real Estate News –

St Louis Loan Audit News: Taxpayers Brace For Fannie Mae and Freddie Mac Losses
Home Mortgage and Commercial Loans | Principal Reduction
877-334-0210 or 314-334-0210 | Floyd Tapia


Consumers are now worried that bailing out Fannie Mae and Freddie Mac will cost them about $154 billion under the most likely scenario for home prices, the mortgage giants’ regulator recently announced.

But the bill could end up much greater nearly twice the $135 billion already spent if grimmer projections prove true and the economy slides back into a double-dip (more…)

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Posted in st louis mortgage news | 2 Comments »

St Louis Foreclosures: Bank Of America Resumes Foreclosures

Wednesday, January 26th, 2011


St Louis Mortgage and Real Estate News –

St Louis Loan Audit News: Bank of America Resumes Foreclosures In 23 States
Home Mortgage and Commercial Loans | Principal Reduction Program
877-334-0210 or 314-334-0210 | Floyd Tapia


Bank of America reviewed 102,000 foreclosures in the 23 states where a court must sign off on the proceedings, and it has restarted the process on those cases, the company recently said.

The company said the first of the new affidavits had to be submitted by October 25, and that it (more…)

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St Louis Finance: Federal Reserve Takes Action

Tuesday, January 25th, 2011


St Louis Mortgage and Real Estate News –

St Louis Mortgage and Loan Audit News: More Action By The Federal Reserve?
Home Mortgage and Commercial Loans | Principal Reduction
877-334-0210 or 314-334-0210 | Floyd Tapia


In a speech in recently given in Boston, Federal Reserve Chairman Ben Bernanke said persistently high unemployment poses too great a threat to the economy, and that the central bank needs to weigh the risk of (more…)

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Mortgage Lenders St Louis: Housing Starts Up

Monday, January 24th, 2011


St Louis Mortgage and Real Estate News –

St Louis Finance: Commerce Department Says Housing Starts Up .3 Percent
Home Mortgage and Commercial Loans | Principal Reduction
877-334-0210 or 314-334-0210 | Floyd Tapia


Housing starts rose 0.3 percent to a seasonally adjusted annual rate of 610,000 in September 2010, up from a revised 608,000 in August, the Commerce Department said.

Economists were expecting a rate of 579,000 housing starts, according to a consensus estimate from Briefing.com and analysts polled by Reuters had expected (more…)

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Posted in st louis mortgage news | 1 Comment »

Commercial Mortgage St Louis: Retail Sales Up

Sunday, January 23rd, 2011


St Louis Mortgage and Real Estate News –

St Louis Commercial Financing News: Retail Sales Up For Now
Home Mortgage and Commercial Loans | Principal Reduction
877-334-0210 or 314-334-0210 | Floyd Tapia


The Commerce Department said total retail sales rose 0.6 percent from the previous month to $367.7 billion, compared with August’s upwardly revised 0.7 percent jump.

Economists surveyed by Briefing.com had anticipated that September sales would (more…)

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Principal Reduction St Louis: Foreclosures Taken Seriously

Saturday, January 22nd, 2011


St Louis Mortgage and Real Estate News –

St Louis Loan Audit News: Bernanke Says He Is Now Taking Foreclosure Problems More Seriously
Home Mortgage and Commercial Loans | Principal Reduction Program
877-334-0210 or 314-334-0210 | Floyd Tapia


I imagine that the country in general is happy to hear this especially those who are actively seeking St Louis principal reduction through a FREE loan audit in order to keep their homes.

Federal Reserve Chairman Ben Bernanke said recently that a federal agency review of foreclosure procedures at the nation’s largest mortgage servicers should be (more…)

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