Posts Tagged ‘ARM’

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St Louis Lending and Refinancing: Mortgage Applications Up

Friday, May 13th, 2011


St Louis Mortgage and Real Estate News –

St Louis Loan and Consumer Lending News: Home Mortgage Applications Appear To Be Up
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending, Mortgage and Customer Financing


The housing market was happy to see that mortgage applications increased 5.3 percent according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending April 15, 2011. 

The Market Composite Index, a measure of mortgage loan application volume, increased 5.3 percent on a seasonally adjusted basis from one week earlier according to St Louis mortgage experts.

On an unadjusted basis, the Index increased 5.9 percent compared with the previous week. The Refinance (more…)

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St Louis Lending: ARMs Are Back

Tuesday, April 26th, 2011


St Louis Mortgage and Real Estate News –

St Louis Finance and Mortgage Refinancing News: Adjustable Rate Mortgages Are Back
St Louis Home Mortgage and Commercial Loans | Principal Loan Reduction | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Modification Advocate

After accounting for nearly 70 percent of all mortgages issued during the boom, adjustable rate mortgages (ARMs) vanished during the bust, totaling just 3 percent of the market in 2009.

Now they make up 5 percent of all mortgages issued, and Freddie Mac predicts 10 percent by December according to St Louis lending experts.

Behind the comeback is a simple fact: (more…)

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St Louis Mortgage Crisis Is Still Affecting Economic Progress

Tuesday, June 8th, 2010


Credit Improvement and Credit Repair


St Louis Mortgage Real Estate News –

News: Mortgage Fiasco Dragging Economic Rebound Down The Tubes (News Hot Line: 877-334-0210)

There is practically no one who has followed this mortgage crisis that would disagree that it has drug the economic recovery downhill as more and more homeowners are (more…)

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St Louis Mortgage Owners Fearing That the Economy May Crash Again

Tuesday, April 27th, 2010


Credit Improvement and Credit Repair


St Louis Mortgage Refinancing and Real Estate News –

News: Will There Be Other Devastating Events to This Already Fragile Economy?

Just when the average consumer thought things were possibly turning the corner, it appears that we may be heading for a double dip recession.

Many have been wondering why the Federal Housing Administration (FHA) recently gave the green light (more…)

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St Louis Mortgage Analysts No Longer Optimistic at HAMP Stopping Foreclosures

Sunday, April 18th, 2010


Credit Improvement and Credit Repair

News: Even the Treasury With Mixed Comments Knows  HAMP Not Working

With the numerous reported failures of the federal program known as HAMP, inside senior officials seem to be jumping on the band wagon sharing their new found pessimistic viewpoints on where this program may be headed.

With letters being traded between Neil Barofsky, special inspector general for the Troubled Assets Relief Program (TARP),  and one key senator, he has recently said (more…)

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St Louis Home Loan Delinquencies Continue to Climb

Sunday, March 14th, 2010

St Louis Mortgage Refinancing and Real Estate News –

News:  Mortgage Delinquencies Continue to Rise According to TransUnion

Statistics recently reported to the public state 6.89 percent of mortgage payments were 60 days or more past due in the fourth quarter of 2009 according to TransUnion. 

This percentage was up from 4.58 percent (more…)

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St Louis Mortgage Owners Should Educate Themselves About Adjustable Rate Mortgages (ARM)

Monday, January 25th, 2010

St Louis Mortgage Refinancing and Real Estate News –

News:  Homeowners Need to Know There Are Two More Problems with Option ARMs

The option adjustable rate mortgages (ARMs) we have talked about in the past were most popular in bubble markets namely California, Nevada, Florida and (more…)

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St Louis Refinancing Mortgage Minute Edition 13

Sunday, January 24th, 2010

Audio


Welcome to the 13th edition of the St Louis Refinancing Mortgage Minute.

News Topic: Should You Finance Into an Adjustable Rate Mortgage (ARM)? (more…)

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St Louis Mortgage Owners Drowning In Debt With 1 in 4 Mortgages Underwater

Thursday, January 21st, 2010

St Louis Mortgage Refinance and Real Estate News -

News: Consumers Drowning In Debt With 1 in 4 Mortgages Underwater

Financial research firm First American CoreLogic confirmed that nearly 23% of Americans with mortgages (more…)

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St Louis Mortgage Consumers See Option ARMs Feeding Foreclosures

Thursday, January 14th, 2010

St Louis Mortgage Refinance and Real Estate News -

News: Higher Mortgage Payments from Option ARMs Feeding Foreclosures

Although there is no mortgage data currently available on specific numbers as to how many option ARM loans there are, numerous analysts estimate that as many as (more…)

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