Posts Tagged ‘consumer credit’

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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St Louis Home Loans and Mortgage Lending: Home Prices Up In Some Areas

Sunday, October 9th, 2011


St Louis Mortgage and Real Estate News -

St Louis Mortgage Refinancing and Consumer Lending News: Prices Up In Some Areas
St Louis Home Mortgage and Consumer Loans | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Mortgage, Customer Financing and Loan Reduction


Home prices in the U.S. rose 0.5 percent in the month of April, according to the FNC Residential Price Index. The index increased for the first time since the (more…)

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St Louis Home Loan and Consumer Lending: Home Prices Danger To Recovery

Wednesday, October 5th, 2011


St Louis Mortgage and Real Estate News -

St Louis Customer Financing and Mortgage Broker News: WSJ Reports Home Prices Are A Danger To The Recovery
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


Home prices have sunk to 2002 levels, effectively wiping out almost a decade’s worth of home equity across the U.S. and imperiling the fragile economic recovery as Americans confront the falling value of their biggest investment. A closely watched home-price index released (more…)

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St Louis Mortgage and Consumer Lending: Low Home Prices Bad For Banks

Saturday, October 1st, 2011


St Louis Mortgage and Real Estate News -

St Louis Home Loans and Customer Financing News: Olick Says Low Prices Hit Banks
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


“Home prices began double-dipping months ago, but now that S&P/Case Shiller has chimed in, it really must be so. This report is the most widely-followed home price index, equally quoted in bank boardrooms, Treasury Department back rooms, and Congressional Committees.

The report finds home prices in Q1 of this year are now 2.9 percent below the previous quarterly bottom in Q1 of 2009, effectively giving up all the gains of the (more…)

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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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