Archive for October, 2011

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St Louis Mortgage Refinancing and Consumer Lending: Lack of HUD Funds

Monday, October 31st, 2011


St Louis Mortgage and Real Estate News -

St. Louis Finance and Customer Financing News: Olick Reports Realtors Slam Lack of HUD Funds
St Louis Home Loan and Consumer Finance | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Mortgage, Customer Finance and Loan Reduction


“The bullish report on pending home sales came with a caveat from the Realtors: ‘If banks would simply return to normal, sound underwriting standards and begin lending to more creditworthy borrowers, we’d get a much faster recovery in the housing sector,’ said National Association of Realtors chief economist Lawrence Yun. That part has been their mantra for (more…)

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St Louis Home Mortgage and Customer Financing: Cash For Short Selling

Sunday, October 30th, 2011


St Louis Mortgage and Real Estate News -

St Louis Mortgage and Consumer Lending News: Banks Give Cash For Short Selling
St Louis Home Loan and Consumer Finance | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Mortgage, Customer Finance and Loan Reduction


Most banks figure they’re doing homeowners a favor simply by signing off on short sales and forgiving the amount owed. But what seems to be even more suprising according to St. Louis mortgage brokers is in some cases, Chase and Wells Fargo borrowers (more…)

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St Louis Finance and Consumer Lending: Economic Forecasts Down

Friday, October 28th, 2011


St Louis Mortgage and Real Estate News -

St Louis Lending and Customer Financing News: Economic Predictions Are Down
St Louis Home Mortgage and Consumer Finance | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Mortgage, Customer Finance and Loan Reduction


Various St. Louis mortgage brokers reported that approximately six months ago, Goldman Sachs projected that the economy would grow at a 4 percent annual rate in the quarter ending in June. The company now expects the government to (more…)

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St Louis Mortgage Brokers Agree Tighter Lending Hurts Housing Market

Thursday, October 27th, 2011


St Louis Mortgage and Real Estate News -

St. Louis Mortgage Lending and Customer Financing News: WSJ Reports Tighter Lending Hurts Housing
St Louis Home Mortgage and Consumer Lending | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Mortgage, Customer Finance and Loan Reduction


The percentage of mortgage applications rejected by the nation’s largest lenders increased last year, spotlighting how banks’ cautious lending practices are hampering the nascent housing market recovery. In all, the nation’s 10 largest mortgage lenders denied (more…)

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St Louis Lending and Customer Financing: Distressed Property Sales Drop

Sunday, October 23rd, 2011


St Louis Mortgage and Real Estate News -

St Louis Mortgage Broker and Consumer Lending News: Olick Reports On the Distressed Property Sales Drop
St Louis Home Mortgage and Consumer Loans | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Mortgage, Customer Finance and Loan Reduction


“The share of distressed sales in May, that is foreclosed properties and short sales (when the property is sold for less than the value of the loan), fell to 31 percent of all sales from 37 percent in April. Investors, who purchase a large share of these (more…)

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Customer Financing: Father of Mortgage Finance Revisits Subprime

Thursday, October 20th, 2011


St Louis Mortgage and Real Estate News -

St Louis Mortgage Refinancing and Consumer Lending News: Lewis Ranieri: Father of Mortgage Finance Revisits Subprime
St Louis Home Mortgage and Consumer Loans | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Mortgage, Customer Finance and Loan Reduction


Lewis Ranieri, once known as the father of mortgage finance, is daring to revisit the most infamous sector of the mortgage market—subprime lending. Four years ago, sky-high defaults on subprime mortgages which were used mainly by borrowers with weak credit (more…)

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St Louis Real Estate Loans and Customer Financing: Build It and They Will Come

Wednesday, October 19th, 2011


St Louis Mortgage and Real Estate News -

St Louis Mortgage Broker and Consumer Lending News: Olick Says If You Build It, Will They Come?
St Louis Home Mortgage and Consumer Finance | Principal Reduction Program | 314-334-0210 | Floyd Tapia, Commercial Mortgage, Customer Financing and Loan Reduction


“Sales of newly built homes fell around 2 percent in May from the previous month, but that was a little better than expectations, given the lousy home builder sentiment number we got this month and the huge supply of competing existing and (more…)

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St Louis Mortgage Refinancing and Customer Financing: Resales Down

Sunday, October 16th, 2011


St Louis Mortgage and Real Estate News -

St Louis Home Loan Mortgage and Consumer Finance News: WSJ Reports That Resales Are Down
St Louis Home Mortgage and Consumer Loans | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Mortgage, Customer Finance and Loan Reduction


The real-estate industry’s growth and survival depend on buyers trading up to more-expensive properties. Now, faced with economic uncertainty, tighter lending and a glut of properties, homeowners are hunkering down, forgoing dreams of (more…)

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St Louis Home Loans and Consumer Lending: Shadow Inventory and Their Numbers

Friday, October 14th, 2011


St Louis Mortgage and Real Estate News -

St Louis Mortgage Refinancing and Customer Financing News: Olick Reports Don’t Let the Numbers Fool You
St Louis Home Mortgage and Consumer Loans | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Mortgage, Customer Finance and Loan Reduction


“Let me preface with an apology for the huge supply of numbers in this post, but if you can make it through them all, I think you will get the picture I’m drawing here. The so-called ‘shadow inventory’ of residential properties is falling, according to (more…)

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St Louis Lending and Customer Financing: Mortgage Volume Drops

Thursday, October 13th, 2011


St Louis Mortgage and Real Estate News -

St Louis Mortgage Lending and Consumer Lending News: MBA Says First Quarter Mortgage Volume Drops
St Louis Home Mortgage and Consumer Loans | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Mortgage, Customer Finance and Loan Reduction


Independent mortgage banks and subsidiaries made an average profit of $346 on each loan they originated in the first quarter of 2011, down from $1,082 per loan in the (more…)

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