Archive for September, 2011

St Louis Mortgage Lending and Customer Financing: Reverse Mortgages Doing Well

Wednesday, September 28th, 2011


St Louis Mortgage and Real Estate News -

St Louis Mortgage Broker and Home Loan News: Reverse Mortgages Performing Well
St Louis Home Mortgage and Consumer Loans | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Mortgage, Lending and Loan Reduction


The National Reverse Mortgage Lenders Association (NRMLA)/RiskSpan Reverse Mortgage Market Index (RMMI) estimates the value of home equity held by seniors aged 62 and older to be $3.3 trillion as of the end of 2010. The index has tracked (more…)

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St Louis Mortgage Loan and Consumer Lending: Home Prices Set Record Low

Tuesday, September 27th, 2011


St Louis Mortgage and Real Estate News -

St Louis Home Loans and Customer Finance News: Home prices set record… For Being Low That Is
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Reduction


The St Louis Refinancing Group news team confirmed that home prices fell below the 2009 housing bust bottom in the first quarter, dropping 4.2 percent from the prior three months which originally reported by the S&P Case-Shiller national (more…)

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St Louis Mortgage and Loan: Should We Care About Foreclosures

Sunday, September 25th, 2011


St Louis Mortgage and Real Estate News -

St Louis Mortgage Lending and Consumer Lending Credit: Olick Resources Ask Why Should We Care About Foreclosures
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Reduction


Earlier this week, when we got the report of a bump up in sales of newly constructed homes, I cautioned that the home builders are still facing huge competition from distressed properties (foreclosures and short sales). Today we have some new (more…)

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St Louis Home Loans and Mortgage Refinancing: Mayor Bloomberg Warns of Rioting

Monday, September 19th, 2011


St Louis Mortgage and Real Estate News -

St Louis Mortgage Broker and Customer Financing News: Mayor Bloomberg Warns of Potential Riots
St Louis Home Mortgage, Commercial Loans and In-House Financing | Principal Reduction Program | 314-334-0210 | Floyd Tapia, Commercial Lending, Loan Reduction and Consumer Lending


Just recently New York mayor Bloomberg warned of potential riots in the streets if Washington doesn’t get its act together and get serious about creating jobs.

On his weekly radio show the mayor said “We have a lot of kids graduating college who can’t find jobs. The damage to a generation that can’t (more…)

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St Louis Mortgage Lending and Refinancing: Retirees Have No Savings

Friday, September 16th, 2011


St Louis Mortgage and Real Estate News -

St Louis Home Loans and Commercial Mortgage News: 25 Percent of Retirees Have No Savings
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Reduction


One in four Americans age 50 or older said they had exhausted all of their savings during the recession, while 67 percent at least reduced their retirement savings account balances during (more…)

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