Archive for November, 2011

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St Louis Mortgage Lending and Consumer Finance: Short Sale Incentives

Wednesday, November 30th, 2011


St Louis Mortgage and Real Estate News -

St. Louis Home Loans and In-House Financing News: Short Sale Incentives
St Louis Home Mortgage, Customer Financing and Consumer Finance | Principal Reduction Program | 314-334-0210 | St Louis Commercial Mortgage, Consumer Lending and Principal Loan Reduction


Bank of America is testing Florida’s foreclosure waters with an incentive program for defaulting homeowners to “short sell” their homes instead of enduring a foreclosure, which (more…)

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St Louis Business and Customer Financing: Is Another Recession Looming

Monday, November 28th, 2011


St Louis Mortgage and Real Estate News -

St. Louis Mortgage Broker and In-House Financing News: Predictions Point To a 60 Percent Chance of Recession
St Louis Home Mortgage and Consumer Finance | Principal Reduction Program | 314-334-0210 | St Louis Commercial Mortgage, Consumer Lending and Principal Loan Reduction


The St. Louis Refinancing Group news team has learned that the bond market indicator that has predicted every U.S. recession since 1970 shows that the economy has about a (more…)

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St Louis Lending and In House Financing: Recession Over According to Experts

Saturday, November 26th, 2011


St Louis Mortgage and Real Estate News -

St. Louis Mortgage Refinancing and Customer Financing News: Recession Over, But Incomes Still Falling
St Louis Home Mortgage and Consumer Finance | Principal Reduction Program | 314-334-0210 | St Louis Commercial Mortgage, Consumer Lending and Principal Loan Reduction


Between June 2009, when the recession officially ended, and June 2011, inflation-adjusted median household income fell 6.7 percent, to $49,909, according to a study by two former Census Bureau officials. During the recession which occurred from (more…)

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Customer Financing and St Louis Loans: MBA Issues Mediocre Housing Forecast

Friday, November 25th, 2011


St Louis Mortgage and Real Estate News -

St. Louis Finance and In-House Financing News: MBA Issues Housing Forecast
St Louis Home Mortgage and Consumer Finance | Principal Reduction Program | 314-334-0210 | St Louis Commercial Mortgage, Consumer Lending and Principal Loan Reduction


The Mortgage Bankers Association (MBA) expects to see mortgage originations fall from an estimated $1.2 trillion in 2011 to $900 billion in 2012. The drop will be driven by a significant (more…)

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St Louis Home Loan and Consumer Finance: Chicago Foreclosure Inventory

Thursday, November 24th, 2011


St Louis Mortgage and Real Estate News -

St. Louis Lending and Customer Financing News: Olick Reports On Chicago Foreclosure Snapshot
St Louis Home Mortgage and In-House Financing | Principal Reduction Program | 314-334-0210 | St Louis Commercial Mortgage, Consumer Lending and Principal Loan Reduction


Reports confirm that Chicago has the highest inventory of bank-owned (REO) homes of any large city in America. It also has the most homes in the foreclosure process. We tend to use state numbers, and that usually means Florida, California, Nevada, and (more…)

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St Louis Mortgage and Customer Financing: Short Sale Incentives End Soon

Wednesday, November 23rd, 2011


St Louis Mortgage and Real Estate News -

St. Louis Home Loan and In-House Financing News: Time Running Out On Short Sale Incentives
St Louis Home Mortgage and Consumer Lending | Principal Reduction Program | 314-334-0210 | St Louis Commercial Mortgage, Consumer Finance and Principal Loan Reduction


The clock is ticking on homeowners who want to take advantage of Bank of America’s recently announced short-sale incentive program. To collect up to $20,000, qualified sellers must get (more…)

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St Louis Business and In House Financing: Debts Looming In 2012

Tuesday, November 22nd, 2011


St Louis Mortgage and Real Estate News -

St Louis Mortgage Lending and Customer Financing News: Real Debt Battle Looming In 2012
St Louis Home Mortgage and Consumer Lending | Principal Reduction Program | 314-334-0210 | St Louis Commercial Mortgage, Consumer Finance and Principal Loan Reduction


December 23rd, 2011, is the legal deadline for Congress to approve at  least $1.2 trillion in savings over 10 years to avoid an equal amount of across-the-board spending cuts, as part of a deal reached during debt talks in August. But a (more…)

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St Louis Business and In House Financing: 4 Years To Sell 20000 Foreclosures

Sunday, November 20th, 2011


St Louis Mortgage and Real Estate News -

St Louis Home Loan Mortgage and Customer Financing News: 20,000 Foreclosures Took 4 Years To Sell
St Louis Home Mortgage and Consumer Lending | Principal Reduction Program | 314-334-0210 | St Louis Commercial Mortgage, Consumer Finance and Principal Loan Reduction


More than 23,200 foreclosures in 2006 sat unsold until the second quarter of 2010 which was more than four years later, according to a study from the data analytics firm CoreLogic. Analysts studied the destinations of more 355,000 properties that (more…)

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St Louis Business and Customer Financing: Refinancing May Not Be Worth It

Friday, November 18th, 2011


St Louis Mortgage and Real Estate News -

St Louis Mortgage Broker and In-House Financing News: Olick Reports Refis Not Worth It
St Louis Home Mortgage and Consumer Lending | Principal Reduction Program | 314-334-0210 | St Louis Commercial Mortgage, Consumer Finance and Principal Loan Reduction


It is now almost exactly a year since news headlines screamed of a scandal at the big banks involving faulty foreclosure paperwork and fraud. Stories of one lowly bank clerk sitting in a room signing hundreds of foreclosure documents added a (more…)

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St Louis Business and In House Financing: Senator Warns of Layaway Cost

Tuesday, November 15th, 2011


St Louis Mortgage and Real Estate News -

St Louis Finance and Customer Financing News: APNewsBreak - Senator Warns of Layaway’s (Perceived) Cost
St Louis Home Mortgage and Consumer Lending | Principal Reduction Program | 314-334-0210 | St Louis Commercial Mortgage, Consumer Finance and Principal Loan Reduction


The return of layaway plans this holiday shopping season is raising concern that the break from credit cards might actually cost consumers far more.

For example, a rock ‘n’ roll Elmo doll that requires a $5 layaway fee and a 10 percent down payment for a month can equal a credit card that charged more than (more…)

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