Posts Tagged ‘customer finance’

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St Louis Consumer Financing and Home Loans: Housing Market Hitting Bottom

Thursday, December 1st, 2011


St Louis Mortgage and Real Estate News -

St. Louis Mortgage Broker and In-House Financing News: Has Housing Market Hit Bottom?
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


The U.S. housing market hit bottom this year and will remain flat until 2014, when it will start to slowly recover, said Rick Sharga, an executive vice president with Carrington Mortgage Holdings. “We’re looking at a catfish recovery,” he told (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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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: Short Sales Now Popular

Saturday, November 12th, 2011


St Louis Mortgage and Real Estate News -

St Louis Mortgage Refinancing and Consumer Lending News: Short Sales Gaining Popularity
St Louis Home Loan and Consumer Finance | Principal Reduction Program | 314-334-0210 | Floyd Tapia, Commercial Mortgage, Customer Financing and Principal Loan Reduction


St. Louis Refinancing Group news team reports that U.S. home prices may get a boost from an unlikely source: a pickup in sales of properties in default before they reach the stage where they are repossessed by the bank and sold. There has been a “dramatic shift” in banks’ willingness to (more…)

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In House Financing and Consumer Lending: Penalties For Mortgage Fiasco

Wednesday, November 9th, 2011


St Louis Mortgage and Real Estate News -

St. Louis Finance and Consumer Loan News: What Penalties Are Coming For the Mortgage Mess?
St Louis Home Loan and Consumer Finance | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Mortgage, Customer Financing and Loan Reduction


Disputes are emerging over how much to punish the banks as well as exactly who should benefit from a settlement. The newly created Consumer Financial Protection Bureau is pushing for $20 billion or more in penalties, backed up by the attorneys general and the Federal Deposit Insurance Corporation. But other (more…)

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St Louis Lending and Customer Financing: FHFA Presents New Compensation Model

Thursday, November 3rd, 2011


St Louis Mortgage and Real Estate News -

St. Louis Refinancing Loan and Consumer Lending News: DS News Reports FHFA Is Presenting New Compensation Model
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 Federal Housing Finance Agency (FHFA) has issued a 28-page document that presents several alternatives it plans to consider for how Fannie Mae and Freddie Mac compensate mortgage servicers. The report is part of joint initiative announced by (more…)

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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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