Archive for January, 2011
Friday, January 21st, 2011
St Louis Mortgage and Real Estate News –
St Louis Principal Reduction and Loan Review: Mortgage Apps Are Down
Home Mortgage and Commercial Loans | Principal Reduction
877-334-0210 or 314-334-0210 | Floyd Tapia
Data from the Mortgage Banker’s Association shows home mortgage applications slumped last week as interest rates on 15- and 30-year fixed-rate mortgages rose for the first time in six weeks.
Seasonally adjusted index of mortgage applications, which includes both purchase and refinance loans, for the week ended October 15 decreased 10.5 percent.
The four-week moving average of mortgage applications, which smooths the volatile weekly figures, was up 0.4 percent.
Demand for home refinancing loans fell for the sixth time in seven weeks according to St Louis mortgage experts.
The MBA’s seasonally adjusted (more…)
Tags: st louis finance, st louis home loan, st louis home loans, st louis home mortgage, st louis lending, st louis loan audit, st louis loans, st louis mortgage, st louis mortgage broker, st louis mortgage lenders, st louis mortgage loan, st louis mortgage news, st louis mortgage refinancing, st louis principal reductions, st louis refinancing, underwater
Posted in st louis mortgage news | 4 Comments »
Thursday, January 20th, 2011
St Louis Mortgage and Real Estate News –
St Louis Loan Audit News: SEC Wants Better Disclosure
Home Mortgage and Commercial Loans | Principal Reduction
877-334-0210 or 314-334-0210 | Floyd Tapia
The Securities and Exchange Commission wants issuers of asset-backed securities (ABS) to increase information to investors regarding loans and the assets that back them.
If the proposed rule is adopted, the SEC would require ABS issuers to disclose the process and findings (more…)
Tags: SEC, st louis finance, st louis financing, st louis home loan, st louis home loans, st louis home mortgage, st louis lending, st louis loan audit, st louis loans, st louis mortgage, st louis mortgage broker, st louis mortgage lenders, st louis mortgage loan, st louis mortgage news, st louis mortgage refinancing, st louis principal reductions, st louis refinancing
Posted in st louis mortgage news | No Comments »
Wednesday, January 19th, 2011
St Louis Mortgage and Real Estate News –
St Louis Loan Audit News: Home Mortgage Sales Jump 10 Percent… But That Is Not Saying Much
Home Mortgage and Commercial Loans | Principal Reduction
877-334-0210 or 314-334-0210 | Floyd Tapia
Sales of previously occupied homes rose in the fourth quarter of 2010 after a dismal summer but remain well short of healthy levels according to St Louis home mortgage experts.
The National Association of Realtors says home sales grew about 10 percent in September to a (more…)
Tags: home sales, St Louis commercial lending, st louis finance, st louis foreclosures, st louis home loan, st louis home mortgage, st louis lending, st louis loan audits, st louis loan modifications, st louis loan reductions, st louis loan review, st louis loans, st louis mortgage, st louis mortgage broker, st louis mortgage lenders, st louis mortgage loan, st louis mortgage news, st louis principal reductions, st louis refinancing, stop foreclosure, stop foreclosures
Posted in st louis mortgage news | 1 Comment »
Tuesday, January 18th, 2011
St Louis Mortgage and Real Estate News –
St Louis Finance News: Freddie Mac Says Mortgage Rate Hits New Record Low
Home Mortgage and Commercial Loans | Principal Reduction
877-334-0210 or 314-334-0210 | Floyd Tapia
The 30-year, fixed-rate mortgage hit its lowest point in more than 50 years according to St Louis mortgage broker experts.
The Freddie Mac Primary Mortgage Market Survey reported the average rate for a 30-year, fixed-rate mortgage at 4.19 percent with an average 0.8 origination point (more…)
Tags: Freddie Mac, St Louis commercial lending, 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 loan, st louis mortgage news, st louis mortgage rates, st louis mortgage refinancing, st louis refinance, st louis refinancing
Posted in st louis mortgage news | No Comments »
Monday, January 17th, 2011
St Louis Mortgage and Real Estate News –
St Louis Loan Audit News: FBI Looking At Foreclosure Fiasco
Stopping Foreclosures | Principal Reduction Program | Home Loan Modification Programs | Loan Audit | Loan Review | Forensic Audits
877-334-0210 or 314-334-0210 | Floyd Tapia
As much as the big banks want to end the mess and move on, the country NEEDS this mess to be over even more so. The problem is that it looks like it will be around for a while.
Attorney generals in all 50 states are jointly investigating whether lenders violated state laws according to St Louis principal reduction experts.
Lawyers for evicted homeowners as well as those facing foreclosure are preparing lawsuits (more…)
Tags: foreclosure stop, principal reduction, st louis commercial financing, st louis commercial loan, st louis finance, st louis foreclosures, st louis home loan modification, st louis home loans, st louis home mortgage, st louis lending, st louis loan audit, st louis loans, st louis mortgage, st louis mortgage broker, st louis mortgage news, st louis mortgage refinancing, st louis refinancing, stop foreclosure, stopping foreclosure, underwater
Posted in st louis mortgage news | 1 Comment »
Sunday, January 16th, 2011
St Louis Mortgage and Real Estate News –
St Louis Loan Audit and Finance News: Credit Card Delinquencies Edging Down
Home Mortgage and Commercial Loans | Principal Reduction Program
877-334-0210 or 314-334-0210 | Floyd Tapia
Credit card bank stocks slumped in the fourth quarter of 2010 with shares of Capital One Financial posting the worst decline among banks according to St Louis home loan experts.
Shares of other major U.S. banks also fell amid investor fears of a growing mortgage foreclosure crisis.
Credit card delinquencies, which indicate that consumers are late paying their bills, are an early sign of (more…)
Tags: credit card, mortgage foreclosure, principal reduction, st louis commercial loans, st louis finance, st louis home loan, st louis home loans, st louis home mortgage, st louis lending, st louis loan audit, st louis loans, st louis mortgage, st louis mortgage broker, st louis mortgage lender, st louis mortgage loan, st louis mortgage news, st louis mortgage refinance, st louis refinancing
Posted in st louis mortgage news | 13 Comments »
Saturday, January 15th, 2011
St Louis Mortgage and Real Estate News –
St Louis Finance News: Republicans Probe Home Loans For Poor
Home Mortgage and Commercial Loans | Principal Reduction
877-334-0210 or 314-334-0210|Floyd Tapia
Darrell Issa, who would head the lower chamber’s main investigative committee, told the Financial Times in an interview: “We should look at financial entities and either reform them or kill them.”
The conservative Republican from California, who would become chairman of the powerful House oversight and government reform committee, said hearings would focus (more…)
Tags: Fannie Mae, Freddie Mac, home loans for the poor, principal reduction, St Louis commercial lending, st louis finance, st louis home loan, st louis home loans, st louis home mortgage, st louis lending, st louis loan review, st louis loans, st louis mortgage, st louis mortgage broker, st louis mortgage lender, st louis mortgage loan, st louis mortgage news, st louis mortgage refinancing, st louis refinancing, sub-prime
Posted in st louis mortgage news | 1 Comment »
Friday, January 14th, 2011
St Louis Mortgage and Real Estate News –
St Louis Commercial Mortgage and Loan Reduction News: 7 Million Mortgages Already Past Due
St Louis Home Mortgage and Commercial Loans | Principal Loan Reduction Program
877-334-0210 or 314-334-0210|Floyd Tapia, Commercial Lending and Loan Modification
There is startling news on the horizon that there are approximately 7,000,000 mortgages in the United States that are 30 or more days delinquent or in the process of foreclosure, according to new data from Lender Processing Services (LPS).
The Florida-based analytics and technology firm offered the media a preview recently of its September month-end mortgage performance figures, derived from the company’s loan-level database of nearly 39 million mortgage loans which shows that the home loan modification programs process has not worked.
Of the more than 7 million home loans in the country currently going unpaid, little over 2,000,000 have already commenced foreclosure proceedings and are no doubt scrambling for ways such as principal reduction program for stopping foreclosure (more…)
Tags: foreclosure stop, home loan modification, principal loan reduction, principal reduction, st louis commercial financing, St Louis commercial lending, st louis commercial loans, st louis commercial mortgage, st louis finance, st louis home loan, st louis home loans, st louis home mortgage, st louis lending, st louis loan audit, st louis loan modification, st louis loan review, st louis loans, st louis mortgage, st louis mortgage broker, st louis mortgage news, st louis mortgage refinance, st louis refinancing, stopping foreclosure
Posted in st louis mortgage news | 30 Comments »
Thursday, January 13th, 2011
St Louis Mortgage and Real Estate News –
St Louis Finance News: The Government Is Getting More Involved In This Foreclosure Fiasco
Commercial Loans | Principal Reductions | Stopping Foreclosure
877-334-0210 or 314-334-0210 | Floyd Tapia
Just recently, top prosecutors in all 50 states announced a coordinated probe into improper foreclosures by the nation’s largest loan servicers, but stopped short of calling for a freeze on all foreclosures.
The group of attorneys general and bank regulators says it will work to put an immediate stop to improper mortgage foreclosure practices, and review past and present practices by loan servicers and come up with potential remedies according to St Louis commercial mortgage loan experts.
The inquiry will be led by Iowa Attorney General Tom Miller. “This group has the backing of (more…)
Tags: Fannie Mae, foreclosures, Freddie Mac, loan servicers, st louis commercial financing, St Louis commercial lending, st louis commercial loan, st louis commercial loans, st louis commercial mortgage, st louis commercial real estate loan, st louis finance, st louis home loan modification, st louis lending, st louis loans, st louis mortgage, st louis mortgage broker, st louis mortgage loans, st louis mortgage news, st louis mortgage refinancing, st louis refinancing, stopping foreclosure
Posted in st louis mortgage news | No Comments »
Wednesday, January 12th, 2011
St Louis Mortgage and Real Estate News –
St Louis Finance News: Industrial Production Is Down
Home Mortgage and Commercial Loans | Principal Reductions
877-334-0210 or 314-334-0210 | Floyd Tapia
The Federal Reserve reports that output at the nation’s factories, mines and utilities dropped 0.2 percent in September-October 2010.
Industrial production grew 4.8 percent in the July-September quarter, slower than the 7 percent gains in each of the first two quarter of this year according to St Louis loan experts.
Factory output, the largest element of industrial production, fell 0.2 percent last month. Manufacturing (more…)
Tags: industrial production, st louis commercial financing, St Louis commercial lending, st louis commercial 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 loan, st louis mortgage refinance, st louis mortgage refinancing, st louis refinance, st louis refinancing
Posted in st louis mortgage news | No Comments »
