Archive for June, 2011

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St Louis Loan Modification and Refinancing: More Second Lien Defaults

Tuesday, June 28th, 2011


St Louis Mortgage and Real Estate News -

St Louis Finance, Consumer Lending and Home Loans: There Are More Second-Lien Defaults
St Louis Home Mortgage and Commercial Loans | In-House Financing | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending, Customer Financing and Loan Reduction


While default rates are down mostly so far this year, borrowers with second mortgages went against trend with their default rate rising in April for the first time in five (more…)

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St Louis Lending and Home Loans: QE2 Has Become A Concern

Saturday, June 25th, 2011


St Louis Mortgage and Real Estate News -

St Louis Mortgage Broker and Refinancing Loan News: Fed Officials Concerned About QE2
St Louis Home Mortgage and Commercial Loans | Customer Financing and In-House Financing | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Reduction


Minutes from the Federal Reserve’s April meeting show that some members voiced uncertainties about the program referred to as the second round of quantitative easing, or QE2.

The Fed initiated QE2 in November as a way to stimulate the economy by keeping interest rates low and (more…)

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Principal Loan Reduction: New Mortgage Disclosures Coming

Friday, June 24th, 2011


St Louis Mortgage and Real Estate News -

St Louis Mortgage Refinancing, Broker and In-House Financing News: Mortgage Disclosure Draft Revealed
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending, Customer Financing and Loan Reduction


The Consumer Financial Protection Bureau (CFPB) released drafts of a new one-page (back and front) mortgage disclosure form as part of its push to help consumers more (more…)

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St Louis Refinancing Loan and Lending: Will Housing Industry Be Saved

Tuesday, June 21st, 2011


St Louis Mortgage and Real Estate News -

St Louis Mortgage Refinancing, Customer Financing and Loan Reduction News: Can Lack of Inventory Save Housing?
St Louis Home Mortgage and Commercial Loans | In-House Financing | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Modification


The current supply of homes on the market is the best indicator of the future health of the housing market.  Let me say that again: Inventories matter.  Despite the fact that inventories of newly constructed homes fell to a 7.3 month supply in March from an 8.2 month supply in February, builders put 10.6 percentoles in the ground in April. 

You would think that all this new job creation, which usually goes hand in hand with housing starts, would (more…)

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St Louis Mortgage Rates: NY Mortgage Fraud Probe

Sunday, June 19th, 2011


St Louis Mortgage and Real Estate News –

St Louis Finance Lending and In-House Financing News: New York Mortgage Probe
St Louis Home Mortgage, Customer Financing and Commercial Loans | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Reduction


New York’s attorney general is investigating three Wall Street banks for their roles in the mortgage crisis that led to the downfall of the economy.

Attorney General Eric Schneiderman has (more…)

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St Louis Home Mortgage and Refinancing: Housing Starts Drop

Saturday, June 18th, 2011


St Louis Mortgage and Real Estate News -

St Louis Finance and Loan Reduction News: Building Starts and Market Index Down
St Louis Home Loan Mortgage and Commercial Loans | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Modification


The Commerce Department said today that housing starts dropped 10.6 percent to a seasonally adjusted annual rate of 523,000 units.

March’s starts were revised up to a 585,000-unit pace from the previously reported rate of (more…)

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St Louis Lending and Mortgage Refinancing: Home Improvement Sales Down

Friday, June 17th, 2011


St Louis Mortgage and Real Estate News -

St Louis Mortgage Loan and In-House Financing News: Reports Confirm Home Improvement Sales Down
St Louis Home Mortgage, Customer Financing and Commercial Loans | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending, Financing For Customers and Loan Reduction


Home Depot said its sales fell 0.2 percent to $16.82 billion in the first quarter ending May 1st, missing the analysts’ average estimate of $17.02 billion.

Lower expenses helped Home Depot (more…)

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St Louis Commercial Loans: Science of Retail Shopping

Wednesday, June 15th, 2011


St Louis Mortgage and Real Estate News –

St Louis Finance and In-House Financing News: Tips On Shopping Without Breaking Your Budget
St Louis Home Mortgage and Commercial Financing | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending, Customer Financing and Mortgage Loan


Today’s retailers have uncovered the science behind shopping. Your favorite mall stores actually hire such retail researchers as (more…)

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St Louis Mortgage Lending and Loans: Is This Still A Buyers Market

Monday, June 13th, 2011


St Louis Mortgage and Real Estate News –

St Louis Mortgage Refinancing and Customer Financing News: Buyer’s Market?
St Louis Home Mortgage and Commercial Loans | In-House Financing | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Reduction


Falling home prices should give aspiring homeowners the upper hand this spring, but in a growing number of locations, it doesn’t feel like a buyer’s market.  Blame the nearly five-year slide of home prices. Those declines, which accelerated over the past two quarters, have left many sellers unable or unwilling to lower their prices. Meanwhile, buyers remain (more…)

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St Louis Home Loan Mortgage: What Is The Best Investment

Sunday, June 12th, 2011


St Louis Mortgage and Real Estate News –

St Louis Loans and In-House Financing News: Consumers Still Believe Home Ownership Is The Best Investment
St Louis Home Mortgage, Customer Financing and Commercial Loans | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Reduction


According to a report by Pew Research released in April 2011, this figure is only down 3 percent from 1991.

Pew cites a CBS News/New York Times survey completed in 1991.  Of those 81 pecent of the adult sample, 37 percent ”strongly agree” that a (more…)

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